WisdomTree Brent Crude Oil 3x Daily Short (3BRS)

Profile

https://www.wisdomtree.eu/en-gb/etps/commodities/boost-brent-oil-3x-short-daily-etp

WisdomTree Brent Crude Oil 3x Daily Short is a fully collateralised Exchange Traded Commodity (ETC) issued by WisdomTree Multi Asset Issuer PLC. It delivers three times the inverse (-3x) daily performance of the Solactive Brent Crude Oil Commodity Futures SL Index, which tracks the second front-month Brent Crude Oil futures contracts with a predefined monthly rolling schedule. This leveraged short exposure enables investors to profit from declines in Brent Crude Oil prices, a key global energy benchmark influencing oil markets, commodities trading, and related industries like transportation and manufacturing. Structured as a debt security using fully collateralised swaps backed by segregated assets held at the Bank of New York Mellon, it ensures daily marked-to-market collateral with overcollateralisation for counterparty protection. Domiciled in Ireland and launched on October 16, 2015, the ETC features a total expense ratio around 4.07%, USD denomination, and currency unhedged status. Designed for short-term use by sophisticated investors, it undergoes daily rebalancing and compounding, which can amplify returns or losses amid volatility, while limiting downside to the invested amount through risk management mechanisms.