Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 9.1% – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORUGet Free Report) shares were up 9.1% during mid-day trading on Tuesday . The company traded as high as $548.51 and last traded at $543.7880. Approximately 129,794 shares changed hands during mid-day trading, a decline of 41% from the average daily volume of 218,238 shares. The stock had previously closed at $498.22.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 12.1%

The business has a 50 day moving average of $291.35 and a two-hundred day moving average of $183.30. The firm has a market cap of $742.84 million, a P/E ratio of 9.42 and a beta of 3.65.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $47,000. Group One Trading LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the last quarter. Sovereign Financial Group Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter worth approximately $260,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $1,039,000.

About Direxion Daily MSCI South Korea Bull 3x Shares

(Get Free Report)

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.

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