Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Time to Sell?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped down prior to trading on Tuesday . The stock had previously closed at $23.54, but opened at $19.98. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $19.81, with a volume of 18,047,215 shares trading hands.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The firm has a market cap of $1.60 billion, a P/E ratio of 9.42 and a beta of 4.51. The stock has a fifty day simple moving average of $27.91 and a 200 day simple moving average of $27.43.

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

Several large investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000. Group One Trading LLC raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the last quarter. Virtu Financial LLC lifted its position in 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. Susquehanna International Group LLP boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third 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 during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000.

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.