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Benzinga
Benzinga
Business
Wayne Duggan

RUSL Leveraged Russia ETF Plunges 40% After Direxion Announces Fund Liquidation

Russia Direxion United States

Fortunately for U.S. investors, most major U.S. stocks are relatively insulated from the Russia-Ukraine conflict. But while S&P 500 index funds are holding up relatively well amid broad global market volatility, Direxion announced Monday it's shutting down one of the most popular Russian stock ETFs.

What Happened? Direxion will be closing and liquidating the Direxion Daily Russia Bull 2X Shares (NYSE:RUSL) fund, citing "increased market volatility and restrictions on Russian securities."

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