RSX

zdreg said:
https://www.reuters.com/markets/eur...f-suspends-creation-shares-2022-03-02/Trading of VanEck’s Russia ETFs (RSX and RSXJ) Continues
March 2, 20226:48 PM ESTLast Updated 2 days ago
VanEck Russia ETF suspends creation of shares
Reuters
1 minute read



March 2 (Reuters) - Exchange traded fund operator VanEck said on Wednesday it was temporarily suspending the creation of new shares of its Russian fund (RSX.Z) due to Russia's invasion of Ukraine.

In a filing to the U.S. Securities and Exchange Commission, VanEck pointed to complications related to the deepening military conflict, the West's recently imposed financial sanctions, and Moscow's recently introduced capital controls on money entering and leaving Russia.


"Although shares of the Fund are expected to continue trading on Cboe BZX Exchange, Inc., there can be no assurance that an active market will be maintained for the Fund’s shares," VanEck said.

Following a 13% drop on Wednesday, the fund, called the VanEck Russia ETF, has tumbled about 70% since Feb. 16. It now has a market capitalization of about $388 million, according to Refinitiv data.

Reporting by Noel Randewich in Oakland, Calif. Editing by Matthew Lewis
___________________________________________________
March 04, 2022 01:13 PM Eastern Standard Time
NEW YORK--(BUSINESS WIRE)--We at VanEck are aware of concerns about a halt in trading of VanEck Russia ETF (Cboe: RSX) and the VanEck Russia Small-Cap ETF (Cboe: RSXJ) and would like to remind market participants that this is the responsibility of the listing exchange—in this case, CBOE.

We would also like to remind investors of the significant risks of investing in Russian securities, several of which are being realized. These risks, among others, include the risks of government intervention and restrictions, sanctions, and nationalization. Also, in times of market dislocation, the ETF shares may trade at a premium or discount to the ETF’s net asset value.

It sounds like VanEck is trying to shift blame to CBOE.
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Moscow stock exchange has been closed for a week.

What a big drop from $22.
RSX is approaching zero point something.
 
maxinger said:
If you had pressed the SELL button and not the BUY button first,

you'd be very happy by now.
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When the war started somebody on ET suggested to short RSX. I read that tread when the market crashed already .
I don't know who it was, but he is a smart guy.
It didn't occur to me at that time.

But what would happen to your short position if RSX was dissolved if that is even possible.
Is there a chance that people who were short RSX not gonna get paid at the end?

What happens if you short a stock and it gets delisted or company goes bankrupt.
Are you still gonna get paid?
 
Not sure RTX is a good trade for anyone believing in any sort of settlement. RTX is an etf that is currency UNhedged. The ruble lost nearly 65% against the US dollar since the beginning of the invasion. RTX is "only" down 75%. A much better (and cheaper) and less risky play is via usd/rub cash fx. I have not traded the ruble in a while so I am not sure whether brokers offer it at the moment and at what spread. But the tracking error in RTX can be massive in the next few days. I would be very cautious trading this etf. I would much rather watch a collapse in oil and trade futures if I truly believed in some sort of agreement with Russia. The West will maintain sanctions on Russian state affiliated corporations for a long time, especially resource and financials. But we are addicted to oil like some cheap whores and we can't source enough of the black gold. As soon as an agreement of some sorts is reached Brent and crude will easily trade below 90. This is the trade I look for.
 
M.W. said:
It is amazing and equally shocking. It will also lead to a huge distrust by the entire rest of the world questioning whether placing a single dime within reach of US makes sense ever again. And the hunger for debt and borrowed money by the common American man is fully dependent on foreign investment goodwill...
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america and London have the strongest capital markets. You want to raise capital at the highest multiples you have to play nice with the world. You want to be part of the global economy, don’t be an asshole (at least towards a country with white people).
 
Meant RSX of course.

M.W. said:
Not sure RTX is a good trade for anyone believing in any sort of settlement. RTX is an etf that is currency UNhedged. The ruble lost nearly 65% against the US dollar since the beginning of the invasion. RTX is "only" down 75%. A much better (and cheaper) and less risky play is via usd/rub cash fx. I have not traded the ruble in a while so I am not sure whether brokers offer it at the moment and at what spread. But the tracking error in RTX can be massive in the next few days. I would be very cautious trading this etf. I would much rather watch a collapse in oil and trade futures if I truly believed in some sort of agreement with Russia. The West will maintain sanctions on Russian state affiliated corporations for a long time, especially resource and financials. But we are addicted to oil like some cheap whores and we can't source enough of the black gold. As soon as an agreement of some sorts is reached Brent and crude will easily trade below 90. This is the trade I look for.
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john7722 said:
When the war started somebody on ET suggested to short RSX. I read that tread when the market crashed already .
I don't know who it was, but he is a smart guy.
It didn't occur to me at that time.

But what would happen to your short position if RSX was dissolved if that is even possible.
Is there a chance that people who were short RSX not gonna get paid at the end?

What happens if you short a stock and it gets delisted or company goes bankrupt.
Are you still gonna get paid?
More...

This is the main reason why I stopped investing and swing trading 2 decades ago.

I have been day trading since then.
 
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