Direxion Funds will close its leveraged Russia ETF (RUSL), the Direxion Daily Russia Bull 2x Shares, on March 11. “It is in the best interests of the fund and its shareholders to liquidate and terminate the fund, as it could not conduct its business and operations in an economically efficient manner over the long-term,” Direxion said.
ETF Newz Says:
The fund has fallen 85% YTD. Direxion getting out in front of this to protect it's investors in a time of unknowns.
