Trade VelocityShares 3x Long Crude Oil ETN - UWT CFD


Trader sentiment

% Buyers % Sellers
  • Long position overnight fee -0.0166%
  • Short position overnight fee -0.0112%
  • Overnight fee time 21:00 (UTC)
  • Min traded quantity 1
  • Currency USD
  • Margin 20%
  • Stock exchange United States of America
  • Trading hours (UTC)
    Mon - Fri: 13:30 - 19:59:59
  • Commission on trade 0%

As a levered product, UWT is not a buy-and-hold ETF; it’s a short-term tactical instrument. Like many levered funds, it delivers its 3x exposure for only 1 day. Over longer periods, returns can vary significantly from 3x the return of its underlying index. As an ETN, UWT is subject to counterparty risk; original investor capital plus any return is subject to Citigroup’s ability to pay that obligation. UWT’s expense ratio is high but, as a short-term product, annual fees are relatively less important than trading costs. 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 UCO—which offers 2x rather than 3x exposure.Note: UWT replaced UWTI, a nearly identical product under the VelocityShares brand that was delisted the same day UWT launched. Notable differences are a higher fee and a new credit counterparty (Citigroup instead of Credit Suisse).
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How we make money? makes the majority of it’s money through the spread, the difference between the buy and sell price.

Trade shares with leverage

Shares are available to trade with up to 5:1 leverage. Start trading with as little as $100 to control a position of $500

Shares CFDs

  • Trade 24/5 on a wide range of shares

  • Buy and sell shares to take advantage of rises and falls in price

Profit and loss control

You can easily define Stops and Limits to request positions to close at a specified price.

Set up price alerts to be informed of big moves.

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