Short Interest in Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Increases By 123.4%

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a large growth in short interest in February. As of February 27th, there was short interest totaling 150,347 shares, a growth of 123.4% from the February 12th total of 67,302 shares. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.3% of the company’s stock are sold short. Currently, 11.3% of the company’s stock are sold short. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is currently 0.3 days.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

Shares of NYSEARCA KORU opened at $316.32 on Friday. The company has a market cap of $420.71 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. The stock’s 50-day moving average is $370.31 and its two-hundred day moving average is $217.71. Direxion Daily MSCI South Korea Bull 3x Shares has a 1-year low of $27.16 and a 1-year high of $665.40.

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

A number of large investors have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at approximately $1,893,000. Group One Trading LLC raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second 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 in the last quarter. Sovereign Financial Group Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter worth approximately $260,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during 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 last quarter. Finally, Virtu Financial LLC boosted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after buying an additional 20,986 shares in the last quarter.

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.