About UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID)

The UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID) is an exchange-traded fund that provides investors with a way to profit from a decline in the price of crude oil. This ETN aims to achieve a daily return that is three times the inverse performance of the Bloomberg WTI Crude Oil Subindex (WTICRUD), which tracks the price movement of crude oil futures contracts. By investing in WTID, investors can potentially benefit from falling oil prices, as the ETN is designed to amplify the inverse returns of the index.

It's important to note that the UBS ETRACS - ProShares Daily 3x Inverse Crude ETN (WTID) is a leveraged product, which means it carries a higher level of risk compared to traditional ETFs. The use of leverage can magnify both gains and losses, so investors should carefully consider their risk tolerance and investment objectives before investing in WTID. Additionally, the ETN's performance may deviate from the inverse performance of the underlying index over time due to factors such as compounding, expenses, and market conditions.