U.S.-traded Russian ETF tumbles 24% in deepening selloff

– The VanEck Russia ETF tumbled 24% on Tuesday as the Russia-Ukraine crisis deepened, fanning investor anxiety.

The exchange-traded fund has declined about 60% in the past week as investors dump Russian assets and the West imposes sanctions on Russia.

Short interest in the ETF recently increased to about 26% of its float from about 23% on Friday, according to data from S3 Partners.

Share trading on the Moscow Exchange was suspended for a second day after sharp sell-offs hammered the market since mid-February.

(Reporting By Noel Randewich; Editing by Sam Holmes)