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