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

The Direxion Daily Russia Bull 3X Shares ( RUSL) 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 ( BGU) and the Direxion Daily Small Cap Bull 3X Shares ( TNA) also fell sharply, down 19.7% to $47.82 and down 26% to $37.88.

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

The Direxion Daily Russia Bear 3X Shares ( RUSS) skyrocketed 34.5% to settle at $52.53, as did the Direxion Large Cap Bear 3X Shares ( BGZ), which soared 20.2% to end at $54.48.

-- Written by Andrea Tse in New York.

>To contact the writer of this article, click here: Andrea Tse.
Copyright 2011 TheStreet.com Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

If you liked this article you might like

U.S. Eases Sanctions on Russian Intelligence Agency, Making Life Easier for Tech Exporters

U.S. Eases Sanctions on Russian Intelligence Agency, Making Life Easier for Tech Exporters

S&P 500 Closes at Record High Amid Mixed Messages on Greece

S&P 500 Closes at Record High Amid Mixed Messages on Greece

Stock Markets Run in Place After Mixed Reports on Greece

Stock Markets Run in Place After Mixed Reports on Greece

Stock Markets Decline as U.S. Growth Is Less Than Expected

Stock Markets Decline as U.S. Growth Is Less Than Expected

Stocks Flat as Investors React to Greek Election Results, Stabilizing Oil Prices

Stocks Flat as Investors React to Greek Election Results, Stabilizing Oil Prices