Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Sees Large Volume Increase – Should You Buy?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report) shares saw strong trading volume on Wednesday. Approximately 17,615,606 shares traded hands during trading, a decline of 19% from the previous session’s volume of 21,858,186 shares. The stock last traded at $11.7390 and had previously closed at $11.34.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Up 5.0%

The firm has a 50-day simple moving average of $19.73 and a 200 day simple moving average of $27.35. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of hedge funds have recently modified their holdings of KORU. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter worth approximately $2,579,000. Millennium Capital Advisors LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter valued at $220,000. Farther Finance Advisors LLC raised its position in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after purchasing an additional 1,444 shares during the last quarter. NWI Management LP purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter valued at $3,566,000. Finally, Hoey Investments Inc. acquired a new stake in Direxion Daily MSCI South Korea Bull 3X ETF during the 1st quarter worth $43,000.

Direxion Daily MSCI South Korea Bull 3X ETF Company Profile

(Get Free Report)

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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