WisdomTree Copper 3x Daily Short (3HCS)

Profile

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

WisdomTree Copper 3x Daily Short is a fully collateralized Exchange Traded Commodity (ETC) designed to provide investors with triple the inverse daily performance of copper futures. It tracks the Solactive HG Copper Commodity Futures SL Index, which reflects returns from front-month copper futures contracts traded on COMEX, incorporating a monthly rollover strategy from expiring to next contracts. This leveraged short product amplifies gains when copper prices decline, using a funded swap replication method backed by over-collateralized assets held by Bank of New York Mellon. Issued by WisdomTree Multi Asset Issuer PLC and domiciled in Ireland, it features daily transparency in performance and fees, with an annual management fee of 0.99% and a total expense ratio around 1.87-3.57%. Fully UCITS compliant in structure yet complex due to its -3x leverage, it offers liquidity through multiple market makers and authorized participants, without physical delivery requirements. Primarily suited for sophisticated investors seeking short-term bearish exposure to the copper commodity market, which influences sectors like construction, electronics, and manufacturing amid global economic fluctuations.