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Market Vector Russia ETF Trust (NYSE:RSX) was downgraded by equities research analysts at Morgan Stanley to an “underweight” rating in a research note issued to investors on Friday.

Shares of Market Vector Russia ETF Trust (NYSE:RSX) opened at 24.34 on Friday. Market Vector Russia ETF Trust has a 1-year low of $20.86 and a 1-year high of $30.25. The stock has a 50-day moving average of $24.82 and a 200-day moving average of $24.5. Market Vector Russia ETF Trust also was the recipient of unusually large options trading activity on Thursday. Investors bought 19,971 put options on the company. This represents an increase of approximately 171% compared to the typical volume of 7,372 put options.

Separately, analysts at JPMorgan Chase & Co. downgraded shares of Market Vector Russia ETF Trust from an “overweight” rating to an “underweight” rating in a research note on Friday, July 18th.

Market Vectors Russia ETF (NYSE:RSX) seeks to replicate as closely as possible the price and yield performance of the DAXglobal Russia+ Index (DXRPUS).

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