Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Sees Unusually-High Trading Volume – Here’s Why

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw unusually-strong trading volume on Wednesday. 17,615,606 shares were traded during trading, a decline of 19% from the previous session’s volume of 21,858,186 shares. The stock last traded at $11.7390 and had previously closed at $11.34.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The business has a 50-day simple moving average of $19.34 and a 200 day simple moving average of $27.31. The firm has a market cap of $1.16 billion, a PE ratio of 9.42 and a beta of 4.59.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

Institutional investors and hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. lifted its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock worth $84,000 after purchasing an additional 3,969 shares in the last quarter. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter valued at about $2,579,000. Millennium Capital Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the third quarter valued at approximately $220,000. Farther Finance Advisors LLC increased its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after acquiring an additional 1,444 shares during the last quarter. Finally, NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 1st quarter valued at approximately $3,566,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.