Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Time to Sell?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped down before the market opened on Monday . The stock had previously closed at $630.00, but opened at $540.35. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $569.7070, with a volume of 345,114 shares changing hands.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock’s fifty day moving average price is $327.78 and its 200-day moving average price is $197.84. The firm has a market cap of $770.01 million, a price-to-earnings ratio of 9.42 and a beta of 3.65.

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

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at $34,000. Tucker Asset Management LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $47,000. Group One Trading LLC increased its holdings 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 valued at $207,000 after purchasing an additional 1,855 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 3rd quarter valued at about $260,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.