Vad är ISIN för MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN?

ISIN för MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN är US0636793285.

What does leveraged daily exposure mean for MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN?

MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN aims to deliver 1 times the daily return of ETN (short/inverse). The leverage resets each trading day, so multi-day returns can differ materially from 1X the underlying's cumulative return.

What is volatility decay and how does it affect MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN?

Volatility decay (also called compounding drag) occurs because MicroSectors U.S. Big Oil -3 Inverse Leveraged ETN rebalances daily. In choppy, sideways markets the cumulative return can significantly trail 1X the underlying's period return — even if the underlying ends flat. The effect intensifies with higher leverage factors and longer holding periods.