Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $10.89, but opened at $11.52. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $11.3990, with a volume of 14,249,478 shares.
Direxion Daily MSCI South Korea Bull 3X ETF Price Performance
The firm’s 50 day moving average price is $19.09 and its 200-day moving average price is $24.26. The stock has a market cap of $1.32 billion, a P/E ratio of 9.42 and a beta of 4.59.
Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF
Institutional investors and hedge funds have recently made changes to their positions in the company. Capstone Capital Management Ltd purchased a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter worth approximately $2,579,000. NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter valued at approximately $3,566,000. Millennium Capital Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter valued at approximately $220,000. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock valued at $84,000 after purchasing an additional 3,969 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after purchasing an additional 1,444 shares during the last quarter.
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.
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