RUSSDirexion Daily Russia Bear 3x Shares
RUSS Fund Description
The Direxion Daily Russia Bear ETF provides daily -3x exposure to a market-cap-weighted index composed of Russian companies.
RUSS Factset Analytics Insight
RUSS is a one-day aggressive bet against the movement of Russian equities. RUSS attempts to provide -3x daily exposure to a broad and comprehensive underlying index that includes Russian companies domiciled and traded inside and outside of Russia. That means it's a heavy bet against the energy sector in particular, which dominates the Russian market. RUSS is meant to be a short-term trading vehicle, since the daily reset of triple negative exposure could lead to significant deviations from its targeted multiple if held over longer periods. As a trading vehicle, RUSS works well, boasting strong daily volume and reasonable spreads. While its expense ratio is high, it's not buy-and-hold investment and most investors will see their costs centered on trading rather than the expense ratio.
RUSS CHARTS AND PERFORMANCE
RUSS Summary Data
RUSS Portfolio Data
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RUSS Fund Structure
RUSS Tax Exposures
RUSS Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of RUSS. RUSS is rated a 5 out of 5.
Options Strategies for Outcome Investing
A collar strategy is a protective option strategy constructed by writing a call and buying a put with the same expiration date while being long the underlying security.
A covered call is an income strategy constructed by writing a call option against a holding of the underlying security.