Russia ETF Posts Longest Losing Streak in Eight Months on Oil

  • Short interest in Market Vectors ETF hovers near 5-month high
  • The economy is projected to contract 3.6 percent this year

The biggest exchange-traded fund tracking Russia’s stocks slumped to a six-month low with traders betting on more declines as a widening oil rout and a plunge in the ruble lessened the odds of further interest-rate cuts.

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