Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 28.3% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price rose 28.3% during trading on Wednesday . The stock traded as high as $412.24 and last traded at $399.18. Approximately 803,342 shares were traded during trading, a decline of 2% from the average daily volume of 816,058 shares. The stock had previously closed at $311.09.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 28.0%

The firm’s 50-day moving average price is $387.75 and its 200 day moving average price is $247.17. The company has a market capitalization of $1.52 billion, a P/E ratio of 9.42 and a beta of 3.62.

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

A number of institutional investors have recently added to or reduced their stakes in the company. 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 worth $5,541,000 after purchasing an additional 18,682 shares in the last quarter. Virtu Financial LLC grew its position in 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 worth $2,972,000 after purchasing an additional 20,986 shares in the last quarter. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000. Optiver Holding B.V. grew its position 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 worth $1,439,000 after purchasing an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth about $1,039,000.

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.