Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Up – What’s Next?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s share price gapped up before the market opened on Friday . The stock had previously closed at $21.17, but opened at $23.50. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $22.9220, with a volume of 8,947,508 shares changing hands.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Up 8.9%

The company has a market capitalization of $1.92 billion, a PE ratio of 9.42 and a beta of 4.58. The stock has a fifty day moving average of $20.68 and a two-hundred day moving average of $27.58.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Hoey Investments Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter valued at about $43,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 4th quarter valued at about $47,000. Group One Trading LLC lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after acquiring an additional 1,855 shares during the last quarter. NWI Management LP bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter valued at about $3,566,000. Finally, Susquehanna International Group LLP boosted its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after acquiring an additional 18,682 shares during the period.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.