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3HCL

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1m

Analysis and statistics

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About

3HCL.LSE refers to the WisdomTree EUR Daily Hedged Leveraged 2x USD, an exchange-traded fund (ETF) listed on the London Stock Exchange (LSE). This ETF seeks to provide investors with a leveraged return, aiming for twice the daily performance of the EUR/USD exchange rate, while simultaneously hedging against fluctuations between the euro and the U.S. dollar. The hedging mechanism aims to reduce the impact of currency movements on the overall return for investors holding the ETF in a currency other than the U.S. dollar.
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Factors

Underlying Holdings: The price of 3HCL.LSE reflects the value of the underlying shares it holds, specifically HSBC shares.

Supply and Demand: Market demand for the ETF and its available supply directly influence its price. Higher demand, relative to supply, pushes the price up.

Market Sentiment: Overall investor sentiment towards HSBC and the broader market impacts demand for the ETF.

Dividend Payments: Dividends paid out by HSBC are reflected in the ETF's price.

Expense Ratio: The ETF's management fee (expense ratio) slightly affects its long-term performance and thus price.

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