Recovering Russia ETFs Lure Leveraged Bets

RUSL and RUSS take that volatility up several notches. Over the past 30 days, only the Direxion Daily Junior Gold Miners Index Bull 3x Shares (NYSEArca: JNUG) on the bullish side and the Direxion Daily Junior Gold Miners Index Bear 3X Shares (NYSEArca: JDST) on the bearish side have been more volatile than RUSL and RUSS among Direxion’s leveraged funds, according to issuer data.

The average 30-day realized volatility for RUSL and RUSS is about 126, according to Direxion data. Over that period, none of Direxion’s triple-leveraged bearish ETFs have deviated more widely from triple the daily inverse performance of their underlying indexes than RUSS.

Through March 27, RUSL added more than $19 million in new assets this month, nearly double the $10.4 million added by RSX over the same period.

Direxion Daily Russia Bull 3x Shares