Shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report) saw an uptick in trading volume on Wednesday. Approximately 33,729,187 shares changed hands during trading, an increase of 48% from the average daily volume of 22,785,010 shares. The stock last traded at $11.2810 and had previously closed at $11.01.
Direxion Daily MSCI South Korea Bull 3X ETF Trading Down 2.7%
The company’s 50-day simple moving average is $17.88 and its 200-day simple moving average is $24.24. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 9.42 and a beta of 4.85.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hoey Investments Inc. bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter worth $43,000. Farther Finance Advisors LLC grew its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after purchasing an additional 1,444 shares during the period. Parallel Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth approximately $36,000. SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock worth $84,000 after purchasing an additional 3,969 shares in the last quarter. Finally, Vestor Capital LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth approximately $136,000.
Direxion Daily MSCI South Korea Bull 3X ETF 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.
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