WisdomTree Silver 3x Daily Short (3SSI)

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https://oci-global.com

WisdomTree Silver 3x Daily Short is an Exchange Traded Commodity (ETC) designed to provide investors with three times leveraged inverse daily exposure to the performance of silver commodity futures. It tracks the Solactive Silver Commodity Futures SL Index, which reflects returns from front-month silver futures contracts traded on COMEX, including a monthly rollover mechanism from expiring contracts to the next. Issued by WisdomTree Multi Asset Issuer PLC and domiciled in Ireland with ISIN IE00B8JG1787, this fully collateralized product uses a funded swap replication method backed by segregated collateral held at Bank of New York Mellon, ensuring over-collateralization at 105%. The ETC carries a total expense ratio of 0.99% per annum and is denominated in USD, unhedged against currency risk. Targeted at financially qualified investors pursuing short-term bearish views on silver prices, it amplifies gains from silver declines but heightens volatility and risks such as market, liquidity, counterparty, and credit exposure, with potential for significant value erosion over periods longer than one day due to compounding effects.