Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Price Up 5.8% – What’s Next?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s stock price traded up 5.8% on Wednesday . The stock traded as high as $19.62 and last traded at $19.6880. Approximately 9,190,254 shares were traded during mid-day trading, a decline of 57% from the average session volume of 21,158,686 shares. The stock had previously closed at $18.60.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

The stock has a market cap of $1.70 billion, a P/E ratio of 9.42 and a beta of 4.58. The stock has a 50-day moving average price of $19.83 and a 200-day moving average price of $27.25.

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

A hedge fund recently bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF stock. NWI Management LP purchased a new position in Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 12,552 shares of the company’s stock, valued at approximately $3,566,000. NWI Management LP owned approximately 0.44% of Direxion Daily MSCI South Korea Bull 3X ETF at the end of the most recent reporting period.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.