Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Unusually-High Trading Volume – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-high trading volume on Wednesday . 33,901,203 shares traded hands during mid-day trading, an increase of 77% from the previous session’s volume of 19,175,891 shares.The stock last traded at $13.25 and had previously closed at $14.15.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 11.0%

The company has a 50 day simple moving average of $36.27 and a 200 day simple moving average of $27.02. The stock has a market cap of $939.21 million, a P/E ratio of 9.42 and a beta of 4.43.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

Institutional investors have recently made changes to their positions in the business. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000. Virtu Financial LLC grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after purchasing an additional 20,986 shares in the last quarter. Susquehanna International Group LLP increased its stake in 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 valued at $5,541,000 after buying an additional 18,682 shares during the last quarter. NWI Management LP acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at $3,566,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $1,039,000.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.