Direxion Daily Russia Bear 3X Shares
RUSS
New York Stock Exchange Arca- -
USD
- -
- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- United States of America
- IPO Date
- May 25, 2011
- CIK
- 0001424958
- Similar Companies
- Business
- Direxion Daily Russia Bear 3X Shares (RUSS) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 300% of the inverse (opposite) of the performance of the MVIS Russia Index, employing a short strategy through derivatives such as futures, options, and swaps. The fund invests indirectly in public equity markets of Russia, targeting growth and value stocks across diversified sectors and market capitalizations via other funds and derivative instruments. Launched on May 25, 2011, by Direxion Shares ETF Trust and managed by Rafferty Asset Management, LLC, it is domiciled in the United States with operations focused on U.S. investors seeking leveraged exposure to Russian market declines. The ETF's core offering centers on its benchmark-tracking mechanism tied to the MVIS Russia Index, providing three times (-3x) the inverse daily performance for tactical trading by sophisticated investors; it does not distribute K-1 forms and trades on major U.S. exchanges like the NYSE. Geographically, exposure remains linked to Russian equities despite U.S.-based issuance, serving institutional and retail traders interested in inverse leveraged products. In a significant operational change, the fund ceased operations and went out of business as of April 6, 2020, amid market challenges including volatility and restrictions affecting Russian securities exposure. This liquidation followed broader Direxion adjustments, such as the 2020 expedited shift of related products like the Russia Bull 3X Shares from 3X to 2X leverage, and aligns with the absence of RUSS from Direxion's current lineup of 113 active ETFs as of July 2025. No recent funding, acquisitions, partnerships, or relaunches have occurred for RUSS post-liquidation, with trading halted and institutional ownership at zero.