RUSSDirexion Daily Russia Bear 3x Shares
RUSS Fund Description
RUSS 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 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.