RSX is now on an eight-day losing streak, its longest since December.
“Short interest in the fund hovered at 10 percent of shares outstanding, a five-month high. Russian equities tumbled as crude, the country’s biggest export, slid below $48 a barrel for the first time since January, widening its slide into a bear market. The ruble, the world’s best performer earlier this year, has dropped the most in emerging markets in the last three months,” reports Elena Popina for Bloomberg.
Investors have pulled just over $43 million from RSX this quarter, but outflows are accelerating in August as more than $63 million has left the largest Russia ETF.
Market Vectors Russia ETF
