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U.S.-traded Russian ETF tumbles 24% in deepening selloff -Breaking

by Mike Robinson

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© Reuters.

(Reuters) – The VanEck Russia ETF fell 24% Tuesday, as investors fear grew due to the Russia-Ukraine crises.

In the last week, investors have been selling Russian assets while the West has imposed sanctions against Russia. This led to the exchange-traded fund falling by 60%.

According to S3 Partners data, the ETF’s short interest has increased from 23% to 26% on Friday to 26% recently.

After sharp sell-offs that had ravaged the Moscow Exchange since February, share trading was temporarily suspended on the Moscow Exchange for the second day.

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