Citi VelocityShares 3x Long Crude Oil S&P ETN (UWT)

[Burnsy1]

Hello,
Sorry to bother you. I am brand new to Investors Hub and am wondering if anyone may be able to help me with a question I have. I saw the post about UWT and was hoping to gain some knowledge from the group. I am not sure if I try to sell my position which has going from 15 dollar to .20. Or do i wait until April 3 to get some $ back. I just don't want sell at such a loss when maybe I will receive a bit more with the redemption amount. When you say .30. Do you mean on April 3rd I may get back .30 on my original investment? So for example if it was 10k invested I would get back 3k. Or am I looking at it wrong?

I should never have bought into this. Big error on my part.

Any help is appreciated.