RUSL Underexposed at Market Open
Direxion Daily Russia Bull 2X Shares (RUSL) announced it will be underexposed to the market on March 1, 2022, due to increased market volatility and sanctions affecting Russian securities. The fund's exposure for today is noted at 111%. This adjustment reflects the ongoing impact of geopolitical tensions stemming from the Ukraine invasion.
The announcement is a direct response to external market conditions and underscores the fluctuating nature of investment in this region.
- RUSL's exposure is still maintained at 111%, suggesting some level of market activity despite volatility.
- Increased market volatility and sanctions may lead to reduced trading volume and liquidity for RUSL.
- The geopolitical situation poses significant risks to the performance of Russian securities.
NEW YORK, March 1, 2022 /PRNewswire/ -- Due to the increased market volatility and restrictions on Russian securities and related exposure, resulting from sanctions and other measures imposed on Russia by the United States and other countries in response to its invasion of Ukraine, the Direxion Daily Russia Bull 2X Shares will be underexposed to the market today. At market open, the Direxion Daily Russia Bull 2X Shares will have the following exposure. This reduced exposure is for today, March 01, 2022, only.
Fund Name | Ticker | March 01, 2022 Exposure |
RUSL |
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Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion's reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately
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CONTACT:
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JConnelly
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jdoyle@jconnelly.com
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SOURCE Direxion
FAQ
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