RUSL - Russian ETFs: Crashing prices halted trading de-listings. What's next?

March, 05 2022 08:15 AM Direxion Daily Russia Bull 2X Shares

Russian exchange traded funds found themselves in complete freefall all week as the Ukraine invasion amplified market tensions each passing day. Russian ETFs not only crumbled to new trading lows but there was also halted trading and de-listings that took place as market volatility ratcheted up. The (VIX) topped out at 35.2 on Tuesday and ended Friday above 31. All of the ETFs that track the Russian market plunged well into negative territory, and it was led by the leveraged Direxion Daily Russia Bull 2X Shares (NYSEARCA:RUSL), which closed -77.3% for the week. Moreover, the iShares MSCI Russia Capped ETF (NYSEARCA:ERUS) dropped 68.1% on the week, whereas the VanEck Russia ETF (BATS:RSX) concluded -61.4%, Franklin FTSE Russia ETF (NYSEARCA:FLRU) was -55.2%, and the VanEck Russia Small-Cap ETF (BATS:RSXJ) rounded out -52.7% for the week. Halted Trading: Not only did the above funds crater to the downside but there were also trade halts that took place on

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Russian ETFs: Crashing prices, halted trading, de-listings. What’s next?

Company Name:	Direxion Daily Russia Bull 2X Shares
Stock Symbol:	RUSL
Market:	NYSE

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