Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $563.07 and last traded at $552.81, with a volume of 369029 shares traded. The stock had previously closed at $498.22.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 2.8%

The business’s fifty day moving average price is $318.24 and its 200 day moving average price is $192.50. The firm has a market capitalization of $824.20 million, a PE ratio of 9.42 and a beta of 3.65.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently modified their holdings of KORU. Susquehanna International Group LLP grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd 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 last quarter. Virtu Financial LLC lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in 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. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at about $1,893,000. Optiver Holding B.V. boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $1,039,000.

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.