Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index
DAUD
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- Dec 12, 2017
- Similar Companies
- Business
- Citigroup ETNs linked to the VelocityShares Daily 4X Long USD vs. AUD Index (DAUD) is an exchange-traded note (ETN) that seeks to track the daily performance of the VelocityShares Daily 4X Long USD vs. AUD Index, providing four times leveraged exposure, reset daily, to changes in the exchange rate between the US dollar and the Australian dollar, adjusted for differences in overnight interest rates between the two currencies; the ETN is subject to a daily investor fee of 1.50% per annum, creation fees, and early redemption fees. Issued by Citigroup Global Markets Holdings Inc. and fully guaranteed by Citigroup Inc., the product targets sophisticated institutional investors seeking leveraged currency market views, with trading originally on NYSE Arca. Launched in December 2017 as part of a suite of ten VelocityShares-branded currency ETNs under license from Janus Henderson's VelocityShares brand, DAUD operates within the leveraged currency ETN segment. In October 2020, Citigroup announced the optional acceleration of DAUD along with nine other VelocityShares ETNs, setting an acceleration valuation date of October 30, 2020, and cash payments to holders on November 4, 2020, based on the fixing indicative value, effectively leading to the product's delisting and cessation of active trading. ETF Database confirms DAUD as no longer active, though some data platforms continued listing stagnant pricing around $26.20 as late as 2023-2025, likely reflecting residual or indicative values without live market activity. No recent partnerships, funding rounds, new launches, or operational changes have been reported for DAUD within the last 1-2 years, as the acceleration marked its wind-down. Citigroup Inc., headquartered in New York City and founded in 1812 through predecessor entities, maintains global operations across more than 180 countries, providing investment banking, securities issuance, and structured products like ETNs through subsidiaries such as Citigroup Global Markets Holdings Inc. The ETN served investors focused on foreign exchange exposure, particularly USD strength against AUD, amid broader VelocityShares offerings in currencies including EUR, GBP, JPY, and CHF. No subsidiaries or parent relationships beyond the Citigroup guarantee apply specifically to DAUD.