UWTI and DWTI have been go-to, easy-to-use plays to capitalize on turns in West Texas Intermediate crude oil prices. Now, more aggressive traders may turn to the newly launched WTIU and WTID to gain triple leveraged exposure to the ups and downs in West Texas Intermediate crude oil prices.

The two new WTIU and WTID try to reflect the 300% or -300% daily performance of the Bloomberg WTI Crude Oil Subindex ER, respectively, which is comprised of WTI futures contracts and rolls into other WTI futures contracts with later expirations every other month to contracts with two months longer in maturity to avoid physical delivery of the commodity.

WTIU and WTID will be going up against Citigroup’s VelocityShares 3X Long Crude Oil ETN (NYSEArca: UWT) and the VelocityShares 3X Inverse Crude Oil ETN (NYSEArca: DWT), two copies of the original UWTI and DWTI that were added the day the two originals were moved into the OTC market.

For more information on new fund products, visit our new ETFs category.

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