Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 291.2% in June

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 504,425 shares, an increase of 291.2% from the May 31st total of 128,952 shares. Based on an average daily trading volume, of 1,210,119 shares, the short-interest ratio is currently 0.4 days. Approximately 17.5% of the shares of the stock are short sold.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 10.9%

Shares of KORU stock traded down $90.54 during trading hours on Friday, reaching $738.55. The stock had a trading volume of 909,768 shares, compared to its average volume of 842,747. The stock’s fifty day simple moving average is $803.62 and its 200 day simple moving average is $491.87. Direxion Daily MSCI South Korea Bull 3x Shares has a 12 month low of $73.95 and a 12 month high of $1,279.70. The firm has a market capitalization of $2.13 billion, a PE ratio of 9.42 and a beta of 4.38.

Shares of Direxion Daily MSCI South Korea Bull 3x Shares are going to split before the market opens on Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly created shares will be issued to shareholders after the closing bell on Tuesday, July 14th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Hoey Investments Inc. purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at $43,000. Farther Finance Advisors LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at $34,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during 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. Finally, Sovereign Financial Group Inc. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after acquiring an additional 1,610 shares during the last quarter.

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.