Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 65.7% in March

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant growth in short interest in the month of March. As of March 13th, there was short interest totaling 249,072 shares, a growth of 65.7% from the February 26th total of 150,347 shares. Based on an average daily trading volume, of 1,922,208 shares, the short-interest ratio is presently 0.1 days. Approximately 18.7% of the company’s stock are short sold.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of KORU. Susquehanna International Group LLP increased its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the last quarter. Virtu Financial LLC lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares during the last quarter. Jane Street Group LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth about $1,893,000. Optiver Holding B.V. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.5%

Direxion Daily MSCI South Korea Bull 3x Shares stock traded up $4.10 during trading on Friday, reaching $274.03. The stock had a trading volume of 1,095,656 shares, compared to its average volume of 734,389. Direxion Daily MSCI South Korea Bull 3x Shares has a 52-week low of $27.16 and a 52-week high of $665.40. The stock has a market cap of $364.46 million, a PE ratio of 9.42 and a beta of 3.65. The business has a 50 day moving average price of $389.83 and a 200 day moving average price of $236.11.

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.