DWTI

VelocityShares 3X Inverse Crude Oil

DWTI Fund Description

The VelocityShares 3X Inverse Crude Oil ETN provides -3x the daily performance of the front-month futures contract on WTI crude oil.

DWTI Factset Analytics Insight

This ETN is delisted.  Its last day of trading was 12/8/16.

Like most geared inverse products, DWTI 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 DWTI for periods of longer than one trading day will be exposed to the effects of compounding, and could see returns vary greatly from -3x exposure. Since DWTI tracks an excess return version of the S&P GSCI Crude Oil Index, returns will reflect both the changes in the price of WTI crude oil and any returns from rolling futures contracts. The ETN also has notional exposure to 3-month Treasurys. The note trades well each day with modest spreads, which is crucial since most investors will only be interested in it for a single trading day. DWTI charges a high fee, but its trading costs are of greater importance, since the fund is designed for intraday round-trip trades. Investor interest in DWTI as measured by assets and liquidity has taken an unpredictable ride. Check the latest AUM, spreads and volume data. Traders seeking an inverse oil ETP may consider SCO or DTO among others.

  • 1 Month
  • 3 Months
  • YTD
  • 1 Year
  • 3 Years
  • 5 Years
  • Max
COMPARE
RESET
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Bats BZX Real-time Quote - 23:59:59
Daily Spread
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Volume

DWTI 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 DWTI. DWTI is rated a 5 out of 5.

DWTI Summary Data

Credit Suisse
VelocityShares
01/01/00
N/A
1.35%
$196.58M
0.08%

DWTI Portfolio Data

0.00%
N/A

DWTI Index Data

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

DWTI Fund Structure

No
N/A
N/A
Credit Suisse AG
Low
Closing
-3
Daily

DWTI Tax Exposures

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No

DWTI Tradability

4,469,408
$289.01M
3,824,297
$271.65M
0.08%
0.05%
6.55% / -12.33%
None
25,000
152.97
0.04%
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$23.23
5