Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) rose 6.3% during trading on Thursday . The stock traded as high as $20.68 and last traded at $20.32. Approximately 17,475,951 shares changed hands during mid-day trading, a decline of 18% from the average daily volume of 21,200,438 shares. The stock had previously closed at $19.11.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance
The stock has a market cap of $1.69 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51. The business has a 50-day simple moving average of $27.32 and a two-hundred day simple moving average of $27.43.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth about $1,893,000. Virtu Financial LLC raised its holdings 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 worth $2,972,000 after acquiring an additional 20,986 shares in 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 purchasing an additional 18,682 shares during the last quarter. NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at approximately $3,566,000. Finally, Group One Trading LLC grew its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in 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 in the last quarter.
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.
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