Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 8.2% – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price were up 8.2% on Thursday . The stock traded as high as $22.00 and last traded at $21.98. 17,217,994 shares were traded during trading, a decline of 17% from the average daily volume of 20,817,289 shares. The stock had previously closed at $20.32.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market cap of $1.80 billion, a PE ratio of 9.42 and a beta of 4.51. The business has a fifty day moving average of $28.14 and a 200-day moving average of $27.30.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Hedge funds have recently made changes to their positions in the company. Hoey Investments Inc. purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at $43,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $34,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC lifted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd 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, NWI Management LP purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth approximately $3,566,000.

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.