Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) fell 1.9% on Tuesday . The company traded as low as $130.11 and last traded at $138.40. 112,413 shares traded hands during trading, a decline of 37% from the average session volume of 177,868 shares. The stock had previously closed at $141.12.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The firm’s fifty day moving average is $138.52 and its two-hundred day moving average is $97.10. The firm has a market cap of $184.07 million, a price-to-earnings ratio of 9.42 and a beta of 3.65.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in the stock. Group One Trading LLC raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares in the last quarter. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter valued at $260,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth $366,000. Jump Financial LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at $487,000. Finally, Optiver Holding B.V. lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after buying an additional 10,942 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.
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