3x leveraged fund hits zero: Nickel Investors Wiped Out Again as WisdomTree Shuts Second Fund

“The subsequent plunge in nickel meant the product’s index fell almost 35% — spurring a 100% wipeout in the triple-leveraged vehicle”.

“The Redemption Amount of the WisdomTree Nickel 3x Daily Leveraged securities has been calculated as zero so investors should not expect to get paid for the securities they hold”

3x times -35% = 0, wow.. investors holding these leveraged products should seriously consider reducing them or eliminating them as holding overnight results in more risk than originally considered.

If you want leverage, then go with options, futures, and margin.