CROC
ProShares UltraShort Australian Dollar
stock NYSE

The investment seeks results for a single day that match (before fees and expenses) two times the inverse of the daily performance of the U.S. dollar price of the Australian dollar. The fund obtains short exposures to its benchmark through futures contracts on its underlying currency. It may also invest in forward contracts if the market for a specific futures contract experiences emergencies (e.g., natural disaster, terrorist attack or an act of God) or disruptions (e.g., a trading halt or a flash crash) that would prevent or make it impractical for the fund to obtain the appropriate amount of investment exposure to the affected futures contracts directly.