S 3x Daily Short WTI Crude Oil 

ETFS 3x Daily Short WTI Crude Oil (3CRS) is designed to enable investors to gain a three times 'short' exposure to a total return investment in WTI Crude Oil futures contracts by tracking the Bloomberg WTI Crude Oil Subindex (the Index)  and providing a collateral yield. A daily short exposure means that the product is designed to reflect minus three times the daily percentage change in the Index level. For example, if the Index was to rise in value by 5% on a particular day, the product is designed to decrease in value by 15% on that day (minus fees and expenses). 3CRS is an exchange traded commodity (ETC). It is not a UCITS product. Securities in this ETC are structured as debt securities and not as shares (equity) and can be created and redeemed on demand by authorised participants and are traded on exchange just like shares in a company. The ETC is backed by swaps.