WisdomTree postpones vote on its 3x short WTI oil ETP after quorum failure
A meeting of holders of WisdomTree WTI Crude Oil 3x Daily Short securities was adjourned for lack of quorum. It will reconvene on 7 December 2026.
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what happened
WisdomTree Multi Asset Issuer said the meeting of holders of its WTI crude oil short securities with 3x daily leverage, set for 13 November 2026, was adjourned because a quorum was not reached. According to GlobeNewswire, the adjourned meeting will take place on 7 December 2026 at 11:00 at an office in Dublin.
The vote concerns reducing the principal amount of the securities from USD0.14 to USD0.014. The proposal follows the price of the securities falling below 500% of their current principal amount on 16 October 2026. Votes cast for the original meeting will not carry over, so holders must vote again.
why it matters
The procedure is meant to keep normal trading and operations of the product running. For the oil market it is a technical event with no direct effect on Brent or WTI quotes, but holders need to track the new deadlines and the instructions from their brokers and custodians.
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