WisdomTree S&P 500 3x Daily Short is a fully collateralised, UCITS eligible Exchange-Traded Product (ETP) designed to provide investors with a leveraged short exposure to the S&P 500. The ETP provides a total return comprised of -3 times the daily performance of the S&P 500 Total Return Index (SPXT), adjusted to reflect fees as well as the costs and revenues inherent to shorting stocks.