Russian ETFs See New Battering

Shares of Russian exchange-traded funds listed in the U.S. were under renewed pressure Tuesday morning, as the ruble fell to fresh record lows against the U.S. dollar. The Direxion Daily Russia Bull 3x Shares dived 17%, and the Market Vectors Russia ETF Trust fell over 7%. Heading into Tuesday, the Russia ETF Trust, the SPDR S&P Russia ETF and the iShares MSCI Russia Capped ETF have each dropped more than 30% this year, and the Daily Russia Bull 3x has declined 92%.