The WisdomTree STOXX Europe Travel & Leisure 2x Daily Short is a UCITS-eligible, fully collateralized Exchange Traded Product (ETP) that aims to provide investors with leveraged inverse exposure to the STOXX Europe 600 Travel & Leisure index. Specifically, it seeks to deliver a total return equivalent to two times the inverse daily performance of the STOXX Europe 600 Travel & Leisure (Gross Return) EUR Index (SXTGR), adjusted for fees and the various costs and revenues associated with short-selling. For example, should the STOXX Europe 600 Travel & Leisure (Gross Return) EUR Index advance by 1% over a day, the ETP is expected to decline by 2%, disregarding fees. Conversely, a 1% drop in the index would typically result in a 2% increase for the ETP, prior to fees.