Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Sees Strong Trading Volume – Should You Buy?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw strong trading volume on Wednesday. 17,615,606 shares changed hands during trading, a decline of 19% from the previous session’s volume of 21,858,186 shares. The stock last traded at $11.7390 and had previously closed at $11.34.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Up 5.0%

The firm’s fifty day moving average price is $19.73 and its 200-day moving average price is $27.35. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter worth about $2,579,000. Millennium Capital Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter worth about $220,000. Farther Finance Advisors LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after purchasing an additional 1,444 shares in the last quarter. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter worth about $3,566,000. Finally, Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter valued at about $43,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.