The FXB wouldn't short the UK Pound. From the summary.... The investment seeks to track the price of the British Pound Sterling, net of trust expenses. The fund seeks to reflect the price of the British Pound Sterling. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional means of investing in the foreign exchange market. The fund is nondiversified.
I would want the ultra-inverse or inverse if I was shorting, no?
Time To Short the British Pound? [View article]
The FXB wouldn't short the UK Pound. From the summary....
The investment seeks to track the price of the British Pound Sterling, net of trust expenses. The fund seeks to reflect the price of the British Pound Sterling. The sponsor believes that, for many investors, the shares represent a cost-effective investment relative to traditional means of investing in the foreign exchange market. The fund is nondiversified.
I would want the ultra-inverse or inverse if I was shorting, no?