Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Time to Sell?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORUGet Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $21.73, but opened at $19.87. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.79, with a volume of 10,405,726 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock’s 50-day simple moving average is $38.40 and its 200 day simple moving average is $26.76. The company has a market capitalization of $1.58 billion, a PE ratio of 9.42 and a beta of 4.43.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Large investors have recently bought and sold shares of the business. Susquehanna International Group LLP lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the last quarter. Virtu Financial LLC increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares during the last quarter. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at about $1,893,000. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth about $3,566,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $1,039,000.

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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