Van Eck’s Russia ETF (RSX) has attracted a surge of trader interest. Many are comparing it to the MEME stock trading of last year.
ETF Newz Says: Options on the ETF have been trading at a fever pitch, with 211,000 contracts traded, four times the expected volume. Many feel that if there is a quick resolution many of the companies in the ETF will quickly rebound. Most of the Russian ETFs have lost over 80% of their value in a mere 10 days.