ISIN: XS3299460702

-3x Short WTI Oil

NAV as of 29 Oct 2026, 12:00 AM UTC

$1.16 (-2.52%)

Year-To-Date Change

-88.32%

LSE
XAMS
Borsa Italiana

Capital at risk. NAV calculated by Leverage Shares. For more information on the calculation please click here

More Leverage Factors:

Overview

What is the Short WTI Oil ETC?

The Leverage Shares -3x Short WTI Oil ETC (ISIN XS3299460702) is an exchange traded commodity (ETC) that seeks to deliver the daily performance of United States Oil Fund LP. It is fully collateralised and does not use swaps to achieve its exposure, so investors are not exposed to a swap counterparty. It does not use leverage, so it is not subject to volatility decay. You cannot lose more than the amount you invest. The Leverage Shares -3x Short WTI Oil ETC has an annual management fee of 0.35% and is listed on the following exchanges: London Stock Exchange, Euronext Amsterdam, Borsa Italiana. It can be held over longer periods as well as traded intraday.

ETC objective

To seek daily investment results, before fees and expenses, that correspond to -300% (-3x) the daily performance of the underlying stock (USO).

Who is this product for?

products.who_is_this_product_for_commodity-etcs_inverse

*However, these are complex products.

Value of Underlying Assets

$-2,751,084

or -16,357 shares of USO

AUM

$916,392

or 792,500 shares of WTOS

Liabilities

$3,667,476

Listings & Tickers

Exchange	Base Currency	Trading Currency	Exchange Code	ISIN	SEDOL	BBG Ticker	WKN	Listing Date
London Stock Exchange	USD	USD	WTOS	XS3299460702	BVK0T21	WTOS LN	N/A	23 Mar 2026
London Stock Exchange	USD	GBP	SWTO	XS3299460702	BVK0VP8	SWTO LN	N/A	23 Mar 2026
Euronext Amsterdam	USD	EUR	WTOS	XS3299460702	BW5TPD3	WTOS NA	N/A	09 Apr 2026
Borsa Italiana	USD	EUR	WTOS	XS3299460702	BPCKJ94	WTOS IM	N/A	09 Apr 2026

Key Facts

Net Asset Value

NAV (as of 29 Oct 2026): $1.16
Daily Return (% NAV change): -2.52%

Daily Change (of NAV): $-0.03

Structure

Structure: ETC
Domicile: Ireland
Replication Method: Physical

Dividends: Reinvested
Underlying Asset: USO
Target Weights
Rebalance Frequency

Fees

Annual Management Fee: 0.35%
Interest Paid On Cash Balances: Fed Funds Effective (Overnight Rate) -1%

Performance Fee
Stock Borrow Rate: 3.66%

Tax & Legal

ISA: Eligible
SIPP: Eligible

UK Fund Reporting Status: Yes (effective 16/06/2026)
US IRS Sec 871(m): Not applicable

Passported Countries:

United Kingdom

Italy

Germany

France

Spain

Netherlands

Ireland

Poland

Belgium

Sweden

Norway

Austria

* The information on this website regarding UK Fund Reporting Status is accurate as of the stated effective date (the "Effective Date"). Leverage Shares makes no representation or warranty that such information will remain accurate, complete or current thereafter, assumes no obligation to update it, and, to the fullest extent permitted by applicable law, accepts no responsibility or liability for any inaccuracies or omissions arising after the Effective Date.

Key Services Providers

Issuer: Leverage Shares plc
Arranger: Leverage Shares Management Company Limited
Trustee: Apex Corporate Trustees (UK) Limited
Issuing and Paying Agent: U.S. Bank Europe DAC
Registrar: U.S. Bank Europe DAC
Portfolio Administrators: Flexinvest Limited
Stock Borrowing Provider and Custodian: Interactive Brokers LLC and/or Morgan Stanley & Co. LLC and/or Pershing LLC
Determination Agent: Calculation Agent Services LLC
Initial Authorised Participant: BNP Paribas Arbitrage S.N.C.,Virtu Financial Ireland Limited, Flow Traders and others
Sponsor

Fact Sheet

Final Terms CBI Final Terms FCA

2026-10 EN DE ES FR IT NL PL SV

2026-09 EN DE ES FR IT NL PL SV

2026-08 EN DE ES FR IT NL PL SV

2026-07 EN DE ES FR IT NL PL SV

2026-06 EN DE ES FR IT NL PL SV

2026-05 EN DE ES FR IT NL PL SV

2026-04 EN DE ES FR IT NL PL SV

2026-03 EN DE ES FR IT NL PL SV

Reportable Income EMT Supplemental Trust Deeds

Supplement (CBI) 07 July 2026 Supplement (FCA) 07 July 2026 Prospectus (CBI) 11 June 2026 Prospectus (FCA) 09 June 2026 Prospectus (CBI) 13 March 2026 Prospectus (FCA) 13 March 2026 Prospectus (CBI) 17 July 2024 Prospectus (FCA) 17 July 2024 Prospectus (CBI) 15 March 2024 Prospectus (FCA) 15 March 2024 Prospectus (CBI) 18 October 2023 Prospectus (FCA) 18 October 2023 Prospectus (CBI) 04 May 2023 Prospectus (FCA) 04 May 2023 Supplement 01 June 2022 Prospectus 16 May 2022 Prospectus 07 December 2021 Supplement 08 October 2021 Supplement 17 September 2021 Supplement 06 May 2021 Supplement 04 March 2021 Prospectus 18 December 2020 Prospectus 06 November 2020 Prospectus 05 February 2020

Notices

Latest Notice

30.10.2026 Replacement of Broker Dealer 30.10.2026 Termination of AP Agreement 18.09.2026 Batch Notification 11.09.2026 Notice Appointment of Authorised Participants 26.08.2026 Notification of New Series 21.07.2026 Batch Notification 19.06.2026 Notice to ETP Securityholders 03.06.2026 Notices of Investment Strategy Modifications 21.05.2026 Batch Notification 30.04.2026 Notification of New Series 24.03.2026 Notification of New Series 23.03.2026 Batch Notification 02.11.2023 Notice of Late Filing of Audited Financial Report 19.10.2023 Notice to ETP Securityholders 20.09.2023 Notice of Migration to IB LLC 04.05.2023 Notice of Amended and Restated Conditions

Frequently Asked Questions about the -3x Short WTI Oil ETC

Expand All

What is the -3x Short WTI Oil ETC?

The Leverage Shares -3x Short WTI Oil ETC (ISIN XS3299460702) is an exchange traded commodity (ETC) that seeks to deliver the daily performance of United States Oil Fund LP. It is listed on the following exchanges: London Stock Exchange, Euronext Amsterdam, Borsa Italiana.

The Leverage Shares -3x Short WTI Oil ETC has an annual management fee of 0.35%.

The Leverage Shares -3x Short WTI Oil ETC is fully collateralised and does not use swaps to achieve its exposure, so investors are not exposed to a swap counterparty. Its exposure is obtained through the underlying commodity instruments, which are rolled forward before expiry where futures are used.

The Leverage Shares -3x Short WTI Oil is an exchange traded commodity, not an ETF. ETCs are structured as debt securities and lie outside the remit of UCITS. While not UCITS compliant, they may be UCITS eligible, meaning they are capable of being an eligible investment for another UCITS fund. It trades on exchange in the same way as a share.

Yes. The Leverage Shares -3x Short WTI Oil ETC does not use leverage and does not rebalance daily to maintain a leverage target, so it can be held for more than one day. Where futures are used, returns over longer periods can be affected by the cost of rolling contracts forward.

Volatility decay is the effect of daily rebalancing and compounding on a leveraged product. Because the Leverage Shares -3x Short WTI Oil ETC does not use leverage and does not rebalance daily, it is not subject to volatility decay.

An investor in the Leverage Shares -3x Short WTI Oil ETC cannot lose more than the amount they invest. You could lose the full value of your investment if United States Oil Fund LP falls to zero.

Yes. Alongside the Leverage Shares -3x Short WTI Oil ETC, the Leverage Shares 3x Long WTI Oil ETC (ISIN XS3299460611) provides 3x exposure to United States Oil Fund LP.

The Leverage Shares -3x Short WTI Oil ETC does not pay dividends. Its exposure is to a commodity, which does not pay dividends, and performance is reflected in the value of the ETC.

The Leverage Shares -3x Short WTI Oil ETC can be held over longer periods. Where futures are used, the cost of rolling contracts forward can cause returns to differ from the spot price of United States Oil Fund LP over time.

The Leverage Shares -3x Short WTI Oil ETC is fully collateralised. Leverage Shares does not use derivatives, like swaps, to offer its exposures.

Experienced investors may use the Leverage Shares -3x Short WTI Oil ETC for a variety of strategies. Some examples include taking a position on commodity prices, responding to technical indicators, and hedging existing exposures in a portfolio.

The Leverage Shares -3x Short WTI Oil ETC can be traded through brokerage accounts that have access to the exchanges where it is listed. It trades on the following exchanges, each with the ticker(s) to search on that exchange:

London Stock Exchange: WTOS (USD), SWTO (GBP)
Euronext Amsterdam: WTOS (EUR)
Borsa Italiana: WTOS (EUR)

Investors do not need a margin account in order to trade Leverage Shares ETPs.