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NEW YORK (TheStreet) -- Triple-leverage funds swung wildly during Monday's chaotic trading session to finish either drastically higher or lower.


Direxion Daily Russia Bull 3X Shares

(RUSL) - Get Direxion Daily Russia Bull 2x Shares Report

lurched down 33.5% to settle at $23.03 as it bore the brunt of having leveraged exposures to the negative market action Monday, which was triggered by the first-ever downgrade of the credit rating of the United States by Standard & Poor's late Friday.

Likewise, the

Direxion Daily Large Cap Bull 3X Shares


and the

Direxion Daily Small Cap Bull 3X Shares

(TNA) - Get Direxion Daily Small Cap Bull 3x Shares Report

also fell sharply, down 19.7% to $47.82 and down 26% to $37.88.

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On the other hand, exchange-traded funds with a bearish bent, especially the triple-leveraged funds, climbed dramatically as stocks were butchered.


Direxion Daily Russia Bear 3X Shares

(RUSS) - Get Direxion Daily Russia Bear 3x Shares Report

skyrocketed 34.5% to settle at $52.53, as did the

Direxion Large Cap Bear 3X Shares


, which soared 20.2% to end at $54.48.

-- Written by Andrea Tse in New York.

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Andrea Tse


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