Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report) shares gapped down prior to trading on Thursday. The stock had previously closed at $8.54, but opened at $7.65. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $7.7680, with a volume of 20,653,646 shares changing hands.
Direxion Daily MSCI South Korea Bull 3X ETF Price Performance
The company’s 50 day simple moving average is $16.35 and its 200 day simple moving average is $24.04. The company has a market capitalization of $805.58 million, a PE ratio of 9.42 and a beta of 4.85.
Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Composition Wealth LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at about $245,000. Vestor Capital LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth approximately $136,000. StoneX Group Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth approximately $349,000. Parallel Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth approximately $36,000. Finally, Hoey Investments Inc. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% during the 3rd quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock worth $83,000 after buying an additional 3,975 shares in the last quarter.
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.
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