Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $824.88, but opened at $957.50. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $957.14, with a volume of 251,884 shares traded.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The business has a fifty day moving average of $695.37 and a 200 day moving average of $438.18. The stock has a market cap of $2.84 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $34,000. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth approximately $43,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $47,000. Group One Trading LLC boosted its position 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 during the period. Finally, Sovereign Financial Group Inc. boosted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing 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.
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