Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Shorted: Short Interest Up 48.8% in September

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw a significant increase in short interest in September. As of September 15th, there was short interest totaling 26,215,055 shares, an increase of 48.8% from the August 31st total of 17,620,750 shares. Approximately 42.7% of the shares of the stock are short sold. Based on an average daily volume of 22,100,373 shares, the days-to-cover ratio is presently 1.2 days.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Up 5.3%

Shares of KORU traded up $1.07 during mid-day trading on Thursday, reaching $21.09. 21,113,292 shares of the company’s stock were exchanged, compared to its average volume of 21,087,727. Direxion Daily MSCI South Korea Bull 3X ETF has a 52-week low of $5.32 and a 52-week high of $63.98. The company has a 50-day simple moving average of $19.80 and a two-hundred day simple moving average of $27.34. The company has a market cap of $1.40 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

An institutional investor recently bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF stock. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 150 shares of the company’s stock, valued at approximately $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.