Russian ETFs are moving in Monday's afternoon session.
Following news that Russia's GDP fell in November, the Market Vector Russia ETF Trust RSX experienced what at first looked to be a "fat finger" trade.
At 15:41 EDT, block trades were detected in the RSX as the ETF erased roughly 5 percent.
Courtesy of Nanex, readers can see the rapid selling followed by a five second sub-penny battle before rebounding.
Basically, someone put an order to sell 1.3M shares of $RSX 5% below the current price at NY-ARCA
— Eric Scott Hunsader (@nanexllc) December 29, 2014
(Click To Enlarge)
Image credit: Public Domain
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.