Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Unusually-High Trading Volume – Should You Buy?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw unusually-strong trading volume on Wednesday . Approximately 25,395,184 shares traded hands during trading, an increase of 20% from the previous session’s volume of 21,098,660 shares.The stock last traded at $19.26 and had previously closed at $17.84.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 6.4%

The company has a market capitalization of $1.70 billion, a PE ratio of 9.42 and a beta of 4.51. The company’s 50 day moving average is $26.89 and its two-hundred day moving average is $27.45.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently made changes to their positions in the company. NWI Management LP purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth about $3,566,000. Hoey Investments Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at approximately $43,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $47,000. Farther Finance Advisors LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000. Finally, Susquehanna International Group LLP raised its holdings 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 acquiring an additional 18,682 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.