Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Strong Trading Volume – Time to Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-strong trading volume on Wednesday . 12,215,202 shares traded hands during trading, a decline of 41% from the previous session’s volume of 20,745,021 shares.The stock last traded at $20.08 and had previously closed at $17.64.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 13.0%

The firm has a market cap of $1.66 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51. The business has a 50 day moving average price of $29.74 and a 200-day moving average price of $27.27.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter valued at $1,893,000. Group One Trading LLC boosted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares during the last quarter. Virtu Financial LLC boosted its position in 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 valued at $2,972,000 after buying an additional 20,986 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth about $34,000.

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.