Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Growth in Short Interest

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totaling 43,679 shares, a growth of 102.7% from the December 31st total of 21,549 shares. Based on an average trading volume of 152,162 shares, the short-interest ratio is presently 0.3 days. Approximately 3.4% of the shares of the stock are short sold. Approximately 3.4% of the shares of the stock are short sold. Based on an average trading volume of 152,162 shares, the short-interest ratio is presently 0.3 days.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

KORU traded down $7.21 during trading on Friday, reaching $360.53. The stock had a trading volume of 171,703 shares, compared to its average volume of 171,701. The business has a 50-day moving average of $205.34 and a 200-day moving average of $144.09. Direxion Daily MSCI South Korea Bull 3x Shares has a one year low of $27.16 and a one year high of $383.22. The stock has a market cap of $479.50 million, a PE ratio of 9.42 and a beta of 3.65.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000. Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth $1,039,000. Sovereign Financial Group Inc. lifted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the last quarter. Susquehanna International Group LLP boosted its position in 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 valued at $5,541,000 after buying an additional 18,682 shares during the period. Finally, Virtu Financial LLC boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third 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 during the period.

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.