Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading 25.5% Higher – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 25.5% on Tuesday . The stock traded as high as $994.08 and last traded at $979.13. 318,306 shares were traded during mid-day trading, a decline of 60% from the average session volume of 786,334 shares. The stock had previously closed at $780.35.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 12.4%

The company has a market capitalization of $3.17 billion, a P/E ratio of 9.42 and a beta of 4.17. The firm has a 50-day moving average price of $548.86 and a two-hundred day moving average price of $371.99.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $34,000. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at $43,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $47,000. Group One Trading LLC raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Sovereign Financial Group Inc. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares in 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.