Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 14.5% – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price traded up 14.5% during mid-day trading on Thursday . The stock traded as high as $1,048.00 and last traded at $1,046.60. 213,846 shares changed hands during trading, a decline of 74% from the average session volume of 818,284 shares. The stock had previously closed at $914.40.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm’s fifty day moving average price is $734.70 and its 200-day moving average price is $455.09. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $43,000. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $47,000. Group One Trading LLC increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after buying an additional 1,610 shares in 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.