Bloomberg – There’s no need for complex quantitative models, or in-depth bottom-up analysis. All it takes is one good bet.
That’s the allure drawing traders to a pair of exchange-traded funds that take Russian stocks and triple their returns with leverage. Daily gains of more than 30 percent and the widest price swings among almost 1,500 U.S.-listed ETFs have fueled a 200 percent increase in shares outstanding in both of Direxion Investments’ leveraged long and short funds since December, while trading volume has jumped more than five-fold.
