Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading Down 5.2% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price fell 5.2% during mid-day trading on Monday . The company traded as low as $480.00 and last traded at $488.93. 391,442 shares were traded during mid-day trading, a decline of 53% from the average session volume of 827,907 shares. The stock had previously closed at $515.85.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 4.8%

The business’s 50-day moving average price is $401.60 and its 200-day moving average price is $265.82. The stock has a market cap of $1.73 billion, a PE ratio of 9.42 and a beta of 3.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KORU. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000. Tucker Asset Management LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $47,000. Group One Trading LLC grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during 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 last quarter. Sovereign Financial Group Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter worth approximately $260,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $1,039,000.

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.