Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) dropped 5.2% on Monday . The company traded as low as $480.00 and last traded at $488.93. Approximately 391,442 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 827,907 shares. The stock had previously closed at $515.85.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 17.7%
The business has a 50-day simple moving average of $405.96 and a 200-day simple moving average of $270.86. The company has a market cap of $1.76 billion, a PE ratio of 9.42 and a beta of 3.58.
Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
A number of institutional investors have recently added to or reduced their stakes in the stock. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $34,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $47,000. Group One Trading LLC increased its stake in shares of 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 worth about $260,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $1,039,000.
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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