Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 10% – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORUGet Free Report)’s stock price shot up 10% on Wednesday . The company traded as high as $513.26 and last traded at $508.06. 182,965 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 817,761 shares. The stock had previously closed at $461.74.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 9.6%

The firm has a market capitalization of $1.58 billion, a PE ratio of 9.42 and a beta of 3.58. The stock has a 50 day simple moving average of $410.00 and a 200 day simple moving average of $274.27.

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

Several hedge funds have recently added to or reduced their stakes in KORU. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000. Group One Trading LLC boosted its holdings in 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 worth $207,000 after acquiring an additional 1,855 shares in the last quarter. Sovereign Financial Group Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the third quarter worth $260,000. Optiver Holding B.V. boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Finally, Virtu Financial LLC boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares in the last quarter.

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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