Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw a significant growth in short interest in September. As of September 15th, there was short interest totaling 26,215,055 shares, a growth of 48.8% from the August 31st total of 17,620,750 shares. Currently, 42.7% of the company’s stock are sold short. Based on an average trading volume of 22,100,373 shares, the short-interest ratio is presently 1.2 days.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

NYSEARCA KORU traded up $1.07 during mid-day trading on Thursday, reaching $21.09. The stock had a trading volume of 21,113,292 shares, compared to its average volume of 21,087,727. The stock has a market cap of $1.40 billion, a PE ratio of 9.42 and a beta of 4.59. Direxion Daily MSCI South Korea Bull 3X ETF has a 1 year low of $5.32 and a 1 year high of $63.98. The company has a fifty day moving average price of $19.80 and a 200 day moving average price of $27.34.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF stock. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 150 shares of the company’s stock, valued at approximately $43,000.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.