Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $18.41, but opened at $20.77. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.80, with a volume of 8,528,901 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 14.0%

The company’s 50 day moving average is $38.73 and its 200 day moving average is $26.67. The firm has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.42 and a beta of 4.43.

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

A number of institutional investors have recently bought and sold shares of the business. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth approximately $1,893,000. Group One Trading LLC boosted its stake in shares of 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 valued at $207,000 after buying an additional 1,855 shares during the period. Virtu Financial LLC boosted its stake in shares of 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 valued at $2,972,000 after buying an additional 20,986 shares during the period. Susquehanna International Group LLP boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $1,039,000.

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.