Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Down 4% – Here’s Why

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) dropped 4% on Tuesday . The stock traded as low as $142.01 and last traded at $144.30. Approximately 69,815 shares changed hands during trading, a decline of 59% from the average daily volume of 170,993 shares. The stock had previously closed at $150.35.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 4.0%

The company has a market cap of $191.92 million, a P/E ratio of 9.42 and a beta of 3.65. The firm’s 50-day moving average price is $151.14 and its 200-day moving average price is $108.27.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Large investors have recently modified their holdings of the stock. Group One Trading LLC lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares during the period. Sovereign Financial Group Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter valued at approximately $260,000. Jump Financial LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at approximately $487,000. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after buying an additional 10,942 shares during the period. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at about $1,893,000.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

The Direxion Daily South Korea Bull 3X Shares (KORU) is an exchange-traded fund that is based on the MSCI Korea 25-50 index. The fund provides 300% daily leveraged exposure to a market-cap-weighted index of large- and mid-cap South Korean companies. KORU was launched on Apr 11, 2013 and is managed by Direxion.