Could Market Vector Russia ETF Trust Change Direction After Today’s Bearish Options Activity?

 Could Market Vector Russia ETF Trust Change Direction After Today's Bearish Options Activity?

In today’s session Market Vector Russia ETF Trust (RSX) recorded an unusually high (750) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious RSX decrease. With 750 contracts traded and 38084 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: RSX170120P00018000 closed last at: $0.98 or 8.4% down. Market Vector Russia ETF Trust (NYSEARCA:RSX) has risen 23.48% since March 2, 2016 and is uptrending. It has outperformed by 15.22% the S&P500.

Market Vectors Russia ETF seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS). The ETF has a market cap of $1.86 billion. DXRPUS is a modified market capitalization-weighted index consisting of publicly traded companies that are domiciled in Russia. It currently has negative earnings. DXRPUS comprises a diversified group of many of the largest and most liquid companies in the investable universe.

RSX Company Profile

Market Vectors-Russia ETF (the Fund) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (the Russia+ Index). The Russia+ Index includes a basket of securities of 30 of the most heavily traded Russian companies that have listings on global exchanges, either through an American depository receipt (ADR), a global depository receipt (GDR) or local Russian shares. The Russia+ Index, which was launched in March 2007, is a modified market capitalization-weighted index designed to track the movements of certain depository receipts (DRs) and stocks of publicly traded companies that are domiciled in Russia, and traded in Russia and on global exchanges. The Russia+ Index consists of companies with market capitalization greater than $150 million that have a daily average traded volume of at least $1 million over the past six months. The Russia+ Index includes energy companies, such as Lukoil, OAO Gazprom and Surgutneftgaz; utility company, Unified Energy Systems; steel manufacturing firms, such as Mechel OAO and Evraz Group SA; mining firm, JSC MMC Norilsk Nickel; communications firms, such as Mobile TeleSystems OJSC and Vimpel-Communications, and Sberbank.

More notable recent Market Vector Russia ETF Trust (NYSEARCA:RSX) news were published by: Etfdailynews.com which released: “Russian ETFs Are Flying High, Thanks to Smart Central Banking” on September 21, 2016, also Marketwatch.com with their article: “VanEck Vectors Russia ETF” published on May 21, 2010, Etfdailynews.com published: “3 Russia ETFs At Bargain Prices Right Now [Market Vector Russia ETF Trust]” on September 05, 2014. More interesting news about Market Vector Russia ETF Trust (NYSEARCA:RSX) were released by: Etfdailynews.com and their article: “Russian Stocks To Buy Now [Market Vector Russia ETF Trust, LUKOIL (ADR …” published on December 17, 2014 as well as Etfdailynews.com‘s news article titled: “A Russian ETF With 156% Upside [Market Vector Russia ETF Trust, Market Vector …” with publication date: March 11, 2014.

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