WisdomTree NASDAQ 100 3x Daily Short

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https://oci-global.com

WisdomTree NASDAQ 100 3x Daily Short is an exchange-traded product (ETP) structured as a fully collateralised debt security issued by WisdomTree Multi Asset Issuer PLC. It provides investors with leveraged short exposure to the NASDAQ-100 Total Return Index, aiming to deliver three times the inverse daily performance of the index through the NASDAQ-100 3x Inverse Total Return Index (XNDXS3). This means if the NASDAQ-100 rises by 1% in a day, the ETP targets a 3% decline, and vice versa, excluding fees, adjusted for shorting costs via daily rebalancing and fully collateralised swaps with providers like BNP Paribas Arbitrage SNC. Domiciled in Ireland and UCITS eligible, it features a total expense ratio of 0.80% p.a., with collateral held in segregated accounts at The Bank of New York Mellon, ensuring over-collateralisation for counterparty protection. Launched on 13 December 2012, the ETP is currency unhedged in USD, accumulating any income without distributing dividends, and trades like shares with liquidity from market makers and authorised participants. Designed for sophisticated investors, it plays a key role in derivatives markets by enabling magnified short strategies on the tech-heavy NASDAQ-100, comprising leading non-financial companies, without needing direct short selling or futures management.