Bearish investors in Russian stocks are digging in even after getting burned by a rebound of 38 percent this year. Almost 9 percent of the shares outstanding in the biggest exchange-traded fund tracking Russian equities were sold short by traders betting on declines last week. That's five times more than the average for U.S.-traded ETFs with assets above $1 billion and close to the highest level since a Ukraine cease-fire agreement in February stoked a 15 percent rally in the dollar-denominated RTS Index.
Bloomberg: Russia skeptics stick to their Bearish ETF wagers amid 38 percent rally
Russian President Vladimir Putin delivers a speech during a meeting of the Council for Interethnic Relations and the Council for the Russian Language at the Kremlin in Moscow on May 19, 2015.
