FLRU - Russian ETFs rebound sharply in premarket trading

Russian exchange-traded funds and index tracking funds are rallying before the bell Friday as volatility in global equities continues after Russia's invasion of Ukraine. Russian forces are driving toward Kyiv, with speculation that the capital could fall within hours. ETFs that sold off sharply yesterday are seeing premarket buying interest. The VanEck Russia ETF (BATS:RSX) +6.5% and iShares MSCI Russia Capped ETF (NYSEARCA:ERUS) +14% are up ahead of trading. The Direxion Daily Russia Bull 3x Shares ETF (NYSEARCA:RUSL) +19% is also higher. The moves are in line with assessment that sanctions against Russia are not particularly forceful, with energy not targeted, Crude oil is moving lower this morning. Western nations also declined to remove Russia from the SWIFT banking system.

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Russian ETFs rebound sharply in premarket trading