Overview
Description
WisdomTree Copper 3x Daily Short is an exchange-traded product (ETP) designed to provide investors with triple the inverse daily performance of the Bloomberg Copper Subindex. Its primary function is to permit investors to gain amplified short exposure to copper prices, typically utilized in a bearish copper market outlook or for short-term hedging strategies. The product is structured to reflect -300% of the daily percentage change in copper futures, magnifying returns inversely relative to the price movement of copper in the futures market. As a leveraged inverse ETP, it is important for short-term strategies and is typically used by sophisticated investors or traders looking to take advantage of short-term copper price fluctuations. It plays a significant role in the commodities market by allowing participants to express market views or hedge risks associated with the industrial and construction sectors, where copper is extensively used. WisdomTree Copper 3x Daily Short is a tool for tactical positioning rather than a long-term investment, aligning with its role as a speculative, high-risk asset in the market.
About
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Instrument type
ETF
Country
Italy
MIC code
XMIL