Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of a significant growth in short interest in July. As of July 15th, there was short interest totaling 15,522,765 shares, a growth of 1,828.1% from the June 30th total of 805,067 shares. Based on an average daily trading volume, of 36,774,465 shares, the days-to-cover ratio is presently 0.4 days. Approximately 20.8% of the shares of the stock are short sold.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 18.9%

Shares of NYSEARCA KORU opened at $17.85 on Friday. The firm has a 50-day simple moving average of $37.05 and a 200-day simple moving average of $26.86. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.42 and a beta of 4.43. Direxion Daily MSCI South Korea Bull 3x Shares has a 52 week low of $3.72 and a 52 week high of $63.98.

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

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth approximately $1,893,000. Virtu Financial LLC increased its holdings 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 purchasing an additional 20,986 shares during the last quarter. Susquehanna International Group LLP lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third 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 in the last quarter. NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $3,566,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $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.