VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New (UWT)
VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in US. The stock last traded at $0.16, down 1.27% on the session, giving a market capitalisation of $17.6M. Its beta of 5.61 implies it has historically moved more than the broad market.
This investment product is designed to deliver triple the performance of the S&P GSCI® Crude Oil Index ER, accounting for all associated costs. The underlying index digitally tracks a position in the nearest-term NYMEX light sweet crude oil futures contract, systematically rolling this exposure into the subsequent month's contract on a monthly basis. Consequently, the index's value is directly influenced by price fluctuations in these specific NYMEX crude oil futures.
VelocityShares 3x Long Crude Oil ETNs linked to the S&P GSCI Crude Oil Index ER New is most often compared with the following Financial Services names: