Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 25.5% – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) were up 25.5% during mid-day trading on Tuesday . The company traded as high as $994.08 and last traded at $979.13. Approximately 318,306 shares changed hands during trading, a decline of 60% from the average daily volume of 786,334 shares. The stock had previously closed at $780.35.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a 50 day moving average price of $522.97 and a 200 day moving average price of $360.31. The company has a market cap of $2.89 billion, a P/E ratio of 9.42 and a beta of 4.17.

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

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth approximately $43,000. Farther Finance Advisors LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at approximately $34,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $47,000. Group One Trading LLC boosted 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 buying an additional 1,855 shares in the last quarter. Finally, Sovereign Financial Group Inc. grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth 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 last quarter.

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.