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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped up prior to trading on Wednesday . The stock had previously closed at $700.01, but opened at $762.71. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $750.00, with a volume of 440,247 shares changing hands.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock’s 50-day moving average is $797.76 and its 200 day moving average is $487.82. The stock has a market capitalization of $2.39 billion, a PE ratio of 9.42 and a beta of 4.38.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently bought and sold shares of KORU. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $3,566,000. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at about $43,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $1,039,000.

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.