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3GLE

$--
--%
1d
1w
1m

Analysis and statistics

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  • Dividend Per Share
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About

3GLE.LSE is the ticker symbol for the WisdomTree Wheat 3x Daily Leveraged exchange-traded fund (ETF) listed on the London Stock Exchange (LSE). This ETF aims to provide investors with three times the daily performance of the Bloomberg Wheat Subindex. Because it is a leveraged product, it is designed for short-term trading strategies and is not suitable for long-term investment horizons due to the potential for significant losses and the effects of compounding. As a leveraged ETF, its daily performance will amplify any price movements of the underlying wheat futures, meaning both gains and losses are magnified. Investors should thoroughly understand the risks associated with leveraged ETFs before investing, paying close attention to the fund's prospectus and relevant market data.
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Factors

Gold Price: 3GLE.LSE tracks gold, so gold price changes directly affect its value.

GBP/USD Exchange Rate: As gold is priced in USD, the GBP/USD rate impacts GBP-denominated returns.

Supply and Demand: Increased demand for 3GLE.LSE units raises the price, and vice versa.

Management Fees: The ETF's expense ratio reduces overall returns, affecting the price over time.

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