WisdomTree Nickel 1x Daily Short (SNIK.L)

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The WisdomTree Nickel 1x Daily Short is a fully backed Exchange Traded Commodity (ETC) designed to offer investors inverse exposure to the price movements of Nickel. Its total return aims to deliver -1 times the daily performance of the Bloomberg Nickel Sub Excess Return Index (BCOMNI), supplemented by interest earnings, and adjusted for all applicable product fees and costs. For instance, should the Bloomberg Nickel Sub Excess Return Index increase by 1% during a trading day, the ETC is expected to decline by 1%, excluding charges. Conversely, a 1% decrease in the index over the same period would typically lead to a 1% increase in the ETC's value, prior to fees.