|Bid||55.58 x 1300|
|Ask||62.00 x 1300|
|Day's Range||56.35 - 58.52|
|52 Week Range||35.19 - 83.00|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-5.15%|
|Beta (5Y Monthly)||2.20|
|Expense Ratio (net)||1.36%|
U.S. stocks continued their spectacular run to start the New Year. We highlighted eight leveraged equity ETFs that piled up double-digits gain to start 2020.
The bulls in Russian equities were charging hard during the month of June, which saw the Direxion Daily Russia Bull 3X ETF (RUSL) add "another 13.5% to approach levels it hasn’t seen since the start of 2018," according to a Direxion Investments Xchange post. "Russian stocks surged more than any other international market in June, adding another wrinkle to what is already one of the most closely watched global relationships," noted a Direxion Investments blog post. "However, while RUSL is one of the top performers of Direxion’s stable of leveraged ETFs for 2019, thanks in large part to this recent surge, it’s also seen some of the heaviest investor outflows at -$60 million in net redemptions over the course of June, with more than two-thirds of that occurring in the days following its new 52-week high," the post said.
On the geopolitical front, Russia is familiar with controversy and that controversy has a way of overshadowing the country's investment opportunities. Strength in Russian equities creates opportunity with the Direxion Daily Russia Bull 3X Shares (NYSE: RUSL), the king of leveraged Russia exchange-traded funds. RUSL attempts to deliver triple the daily returns of the MVIS Russia Index.
While volatility and uncertainty prevail, the bullish fundamentals have resulted in huge demand for leveraged ETFs as investors seek to register big gains in a short span.