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Russia's Main ETF Just Erased 5% Instantly

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Russia's Main ETF Just Erased 5% Instantly
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Russian ETFs are moving in Monday's afternoon session.

Following news that Russia's GDP fell in November, the Market Vector Russia ETF Trust (NYSE: 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.

 

(Click To Enlarge)

Image credit: Public Domain

Posted-In: Russian ETFNews Specialty ETFs Intraday Update Movers ETFs Best of Benzinga

 

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