DWT

VelocityShares 3x Inverse Crude Oil ETN

DWT Fund Description

The VelocityShares 3x Inverse Crude Oil ETN provides daily 3x inverse exposure to an index of front month WTI crude oil futures contracts.

DWT Factset Analytics Insight

Like most levered inverse products, DWT is designed as a trading tool, not a buy-and-hold investment. The note promises to provide -3x exposure to its referenced index—the S&P GSCI Crude Oil Excess Return Index—for a one-day holding period. The daily reset function means investors holding DWT for periods longer than one trading day will be exposed to the effects of compounding, and could see returns vary greatly from -3x exposure. DWT is subject to counterparty risk; original investor capital plus any return is subject to Citigroup’s ability to pay that obligation. DWT charges a high fee, but its trading costs are of greater importance, since the fund is designed for intraday round-trip trades. Leveraged ETPs can experience rapid swings in investor interest, so check the latest trading spreads and volume. Investors and traders can also consider competing fund SCO—which offers -2x rather than -3x exposure.

Note: DWT replaced DWTI, a nearly identical product under the VelocityShares brand that was delisted the same day DWT launched. Notable differences are a higher fee and a new credit counterparty (Citigroup instead of Credit Suisse).

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
Select ETFs to compare their performance:
Bats Book Viewer
TOP OF BOOK
SHARES/SIZEPRICE
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LAST 10 TRADES
TIMEPRICESHARES
15:59:5811.6799
15:59:5111.69100
15:59:4511.69100
15:58:0811.69100
15:55:4311.70100
15:55:4311.70100
15:47:4811.71100
15:47:4811.71100
15:47:3511.73300
15:45:5611.67300
Bats BZX Real-time Quote - 17:47:33
Daily Spread
Premium/Discount
Volume

DWT Factset Analytics Block Liquidity

As of 01/16/18
5
4
3
2
1

This measurement shows how easy it is to trade a $1 million USD block of DWT. DWT is rated a N/A out of 5.

DWT Summary Data

CitiGroup
12/08/16
Exchange-Traded Note
1.50%
$226.00M
0.09%

DWT Portfolio Data

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N/A

DWT Index Data

S&P GSCI Crude Oil Index
Single Asset
Single Asset
N/A

DWT Fund Structure

No
N/A
N/A
Citigroup Global Markets Holdings Inc
Low
Low
-3
Daily

DWT Tax Exposures

20.00% / 39.60%
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No

DWT Tradability

3,391,380
$52.69M
3,080,554
$45.76M
0.09%
0.07%
2.19% / -2.34%
None
25,000
123.22
0.09%
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$11.40
N/A