Sovereign Financial Group Inc. Decreases Stock Holdings in Direxion Daily MSCI South Korea Bull 3x Shares $KORU

Sovereign Financial Group Inc. reduced its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) by 50.7% in the first quarter, Holdings Channel reports. The fund owned 2,005 shares of the company’s stock after selling 2,063 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Direxion Daily MSCI South Korea Bull 3x Shares were worth $570,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $47,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at $34,000. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth $1,039,000. Susquehanna International Group LLP grew its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares in the last quarter. Finally, Virtu Financial LLC increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in 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.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 35.7%

Shares of NYSEARCA KORU opened at $700.01 on Wednesday. The firm’s 50-day moving average price is $783.91 and its 200-day moving average price is $478.92. The stock has a market capitalization of $2.02 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $73.95 and a 12-month high of $1,279.70.

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.