Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 11.4% – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) were up 11.4% on Wednesday . The company traded as high as $821.31 and last traded at $815.13. Approximately 262,864 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 786,504 shares. The stock had previously closed at $731.87.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a market cap of $2.42 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The company has a 50-day simple moving average of $424.29 and a two-hundred day simple moving average of $295.72.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth approximately $1,893,000. Group One Trading LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares during the last quarter. Optiver Holding B.V. increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Virtu Financial LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after purchasing an additional 20,986 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd 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.

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.