The notes are designed to reflect a 3x leveraged inverse exposure to the inverse performance of the index on a daily basis, before taking into account the negative effect of the Daily Investor Fee, any negative Daily Interest, and the Redemption Fee Amount, if applicable. However, due to daily resetting leverage, the returns on the notes over different periods of time can, and most likely will, differ significantly from three times the return on a direct short investment in the index.
Frequently asked questions
What is the UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID) expense ratio?
The UBS ETRACS - ProShares Daily 3x Inverse Crude ETN funds expense ratio is 0.95%.
What is UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID) current stock price?
As of the latest data, UBS ETRACS - ProShares Daily 3x Inverse Crude ETN stock price is $1.92, with a previous close of $1.96. UBS ETRACS - ProShares Daily 3x Inverse Crude ETN lost -$0.04 in the last trading session, representing a -2.04% loss.