Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Shorted: Short Interest Down 43.4% in September

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) was the recipient of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totaling 14,846,148 shares, a decrease of 43.4% from the September 15th total of 26,215,055 shares. Approximately 22.5% of the shares of the stock are sold short. Based on an average daily volume of 18,827,004 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

Shares of KORU traded down $1.37 during midday trading on Friday, reaching $10.64. The stock had a trading volume of 45,277,966 shares, compared to its average volume of 21,685,488. The company has a market capitalization of $731.50 million, a P/E ratio of 9.42 and a beta of 4.59. The firm’s 50 day moving average price is $20.08 and its 200-day moving average price is $27.41. Direxion Daily MSCI South Korea Bull 3X ETF has a 52 week low of $6.28 and a 52 week high of $63.98.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

Large investors have recently added to or reduced their stakes in the business. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth $43,000. Farther Finance Advisors LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after acquiring an additional 1,444 shares in the last quarter. Millennium Capital Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter valued at approximately $220,000. Finally, NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth approximately $3,566,000.

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.