Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price were up 11.4% on Wednesday . The stock traded as high as $821.31 and last traded at $815.13. Approximately 262,864 shares were traded during trading, a decline of 67% from the average daily volume of 786,504 shares. The stock had previously closed at $731.87.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance
The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The company has a 50-day simple moving average of $424.29 and a two-hundred day simple moving average of $295.72.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in KORU. Farther Finance Advisors LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $34,000. Hoey Investments Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Tucker Asset Management LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $47,000. Group One Trading LLC boosted its stake in shares of 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 acquiring an additional 1,855 shares during the period. Finally, Sovereign Financial Group Inc. boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after acquiring an additional 1,610 shares during the period.
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.
Further Reading
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