ProShares Launches First -1x Euro ETF

the first -1x euro ETF in the United States. The ETF lists on NYSE Arca today.

EUFX seeks to provide -1x the daily performance of the U.S. dollar price of the euro, before fees and expenses.

“Concerns over Europe have driven nearly $1 billion1 of assets into our -2x euro ETF, EUO, since its launch less than four years ago,” said Michael L. Sapir, Chairman and CEO of ProShare Advisors LLC, ProShares’ investment advisor. “We are launching EUFX in response to investor requests for an additional variation of an ETF with inverse exposure to the euro.”

ProShares	Ticker Symbol	Benchmark	Daily Objective
Short Euro	EUFX	EUR/USD cross rate	-1x