Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 31,477,143 shares, a growth of 102.8% from the July 15th total of 15,522,767 shares. Currently, 37.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 42,556,243 shares, the short-interest ratio is presently 0.7 days.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.6%

KORU stock traded up $0.33 during trading on Friday, reaching $21.60. The company’s stock had a trading volume of 20,333,140 shares, compared to its average volume of 20,904,719. The company’s fifty day moving average is $28.14 and its 200-day moving average is $27.30. The company has a market capitalization of $1.80 billion, a P/E ratio of 9.42 and a beta of 4.51. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $3.76 and a 1 year high of $63.98.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

Several institutional investors and hedge funds have recently added to or reduced their stakes in KORU. NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth approximately $3,566,000. Hoey Investments Inc. bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at approximately $43,000. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $47,000. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $34,000. Finally, Susquehanna International Group LLP boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after acquiring an additional 18,682 shares during the last quarter.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.