As of September 29, 2015 db x-trackers II - iTraxx Europe 2x Short Daily UCITS ETF has gone out of business. db x-trackers II - iTraxx Europe 2x Short Daily UCITS ETF is an exchange-traded fund launched by Deutsche Asset & Wealth Management Investment S.A. The fund is managed by State Street Global Advisors Limited. It invests in the fixed income markets of Europe. It takes short positions and uses derivatives such as swaps to invest in on-the-run iTraxx credit derivative transaction with a term of 5 years. The fund invests in investment grade securities that are rated as BBB- and above by S&P and Fitch and Baa3 and above by Moody’s. It seeks to replicate the performance of the Markit iTraxx Crossover 5-year 2x Short Daily Total Return Index, by employing synthetic replication methodology. The index seeks to track twice the inverse of the daily performance of 5-year iTraxx Crossover credit derivative transactions. The fund was formerly known as db x-trackers II - iTraxx Crossover 5-year 2x Daily Total Return Index ETF. db x-trackers II - iTraxx Europe 2x Short Daily UCITS ETF was formed on November 22, 2011 and is domiciled in Luxembourg.