Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Increase in Short Interest

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 43,679 shares, a growth of 102.7% from the December 31st total of 21,549 shares. Approximately 3.4% of the company’s shares are sold short. Based on an average trading volume of 152,162 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 152,162 shares, the short-interest ratio is currently 0.3 days. Approximately 3.4% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000. Virtu Financial LLC raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd 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 during the last quarter. Susquehanna International Group LLP raised its stake in shares of 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. Optiver Holding B.V. boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after buying an additional 10,942 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 2.0%

NYSEARCA:KORU traded down $7.21 during trading hours on Friday, hitting $360.53. 171,703 shares of the company were exchanged, compared to its average volume of 171,701. The stock has a market capitalization of $479.50 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. Direxion Daily MSCI South Korea Bull 3x Shares has a one year low of $27.16 and a one year high of $383.22. The company has a fifty day simple moving average of $205.34 and a 200 day simple moving average of $144.09.

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.