Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Down – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s share price gapped down before the market opened on Wednesday. The stock had previously closed at $21.01, but opened at $19.60. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $19.3780, with a volume of 9,725,463 shares trading hands.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The stock has a market cap of $1.34 billion, a PE ratio of 9.42 and a beta of 4.59. The business has a fifty day moving average of $20.14 and a 200-day moving average of $27.44.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

An institutional investor recently bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF stock. NWI Management LP purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) during the first quarter, according to its most recent filing with the SEC. The firm purchased 12,552 shares of the company’s stock, valued at approximately $3,566,000. NWI Management LP owned 0.44% of Direxion Daily MSCI South Korea Bull 3X ETF at the end of the most recent quarter.

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.