However, if short sellers keep piling into RSX, the ETF’s shares outstanding total will increase, effectively boosting its assets under management tally. Despite tumbling more than 45% this year, RSX has hauled in $1.22 billion in new assets. That is the most among the four major single-country ETFs tracking BRIC nations and nearly double the year-to-date inflows to the iShares MSCI Brazil Capped ETF (NYSEArca: EWZ).
While some traders are opting to short RSX, others are taking a bolder approach by piling into the triple-leveraged Direxion Daily Russia Bear 3x Shares (NYSEArca: RUSS).
As of Tuesday, RUSS had seen its shares outstanding tally rise to 1.25 million from 1.05 million this month, according to Direxion data. Although RUSS has been cut in half since its Tuesday intraday high, the ETF has still nearly tripled this year, making it one of 2014’s top-performing leveraged ETFs. [Best Leveraged ETFs of 2014]
Market Vectors Russia ETF
