Stock Traders Buy Large Volume of Put Options on Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of some unusual options trading activity on Thursday. Traders acquired 27,497 put options on the company. This is an increase of approximately 81% compared to the average daily volume of 15,175 put options.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.6%

Shares of KORU traded up $0.33 on Friday, hitting $21.60. 20,333,140 shares of the stock traded hands, compared to its average volume of 20,904,719. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $3.76 and a 1 year high of $63.98. The stock’s 50 day moving average is $28.14 and its two-hundred day moving average is $27.30. The firm has a market capitalization of $1.80 billion, a P/E ratio of 9.42 and a beta of 4.51.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at $43,000. Farther Finance Advisors LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $34,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth about $47,000. Group One Trading LLC boosted its stake in 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 buying an additional 1,855 shares during the last quarter. Finally, NWI Management LP purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at about $3,566,000.

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.