Name of ETF: Direxion Daily Russia Bear 3x Shares
Benchmark Index: Market Vectors Russia Index
Ticker Symbol: RUSS
Types of Stocks Included in this ETF: The Market Vectors Russia Index is comprised of large and mid-cap Russian stocks spread out across numerous sectors. It should be noted that while numerous sectors are represented within the index, the energy sector makes up a significant percentage of the index.
Leveraged-Short ETF: This ETF allows investors to take a leveraged bearish position against the Market Vectors Russia Index. If the Market Vectors Russia Index goes down, this ETF is designed to go up three times the amount the index went down. Conversely, if the Dow Jones Market Vectors Russia Index goes up, this ETF is designed to go down three times the amount the index went up.
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