Direxion Daily MSCI South Korea Bull 3x Shares Target of Unusually Large Options Trading (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of unusually large options trading on Monday. Traders purchased 33,795 call options on the company. This represents an increase of 80% compared to the typical volume of 18,745 call options.

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

Several hedge funds and other institutional investors have recently bought and sold shares of KORU. Susquehanna International Group LLP raised its stake in shares of 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 acquiring an additional 18,682 shares in the last quarter. Virtu Financial LLC boosted its stake 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 purchasing an additional 20,986 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter valued at $1,893,000. NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at $3,566,000. Finally, Group One Trading LLC raised its position 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 purchasing an additional 1,855 shares during the period.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 7.3%

Shares of Direxion Daily MSCI South Korea Bull 3x Shares stock traded down $1.49 during trading on Monday, hitting $18.87. 16,343,311 shares of the stock traded hands, compared to its average volume of 21,254,184. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51. The firm’s fifty day moving average is $26.47 and its 200-day moving average is $27.47. Direxion Daily MSCI South Korea Bull 3x Shares has a 52 week low of $3.80 and a 52 week high of $63.98.

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.