Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1,027.67 and last traded at $1,014.98, with a volume of 857051 shares trading hands. The stock had previously closed at $780.35.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a market cap of $2.92 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The firm’s 50-day simple moving average is $536.94 and its two-hundred day simple moving average is $366.22.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $34,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $47,000. Group One Trading LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares during the period. Finally, Sovereign Financial Group Inc. grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after buying an additional 1,610 shares during the period.

Direxion Daily MSCI South Korea Bull 3x Shares 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.