Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading Up 6.3% – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 6.3% on Thursday . The company traded as high as $20.68 and last traded at $20.32. Approximately 17,475,951 shares were traded during mid-day trading, a decline of 18% from the average session volume of 21,200,438 shares. The stock had previously closed at $19.11.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 5.8%

The company’s fifty day moving average price is $27.32 and its two-hundred day moving average price is $27.43. The company has a market cap of $1.69 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jane Street Group LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth about $1,893,000. Group One Trading LLC lifted its holdings 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. Virtu Financial LLC lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after purchasing an additional 20,986 shares in the last quarter. Susquehanna International Group LLP boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the period. Finally, Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $34,000.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

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.