Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares gapped down before the market opened on Friday . The stock had previously closed at $842.01, but opened at $792.85. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $787.67, with a volume of 510,176 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company’s 50 day moving average price is $685.00 and its 200 day moving average price is $433.37. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth $1,039,000. Optiver Holding B.V. increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Sovereign Financial Group Inc. increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the last quarter. Susquehanna International Group LLP increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Virtu Financial LLC increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after purchasing an additional 20,986 shares during the last quarter.

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.