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 before the market opened on Tuesday . The stock had previously closed at $419.19, but opened at $459.17. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $456.00, with a volume of 1,318,694 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a market capitalization of $60.80 million, a PE ratio of 9.42 and a beta of 4.43. The stock’s fifty day simple moving average is $40.31 and its 200-day simple moving average is $26.48.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at $1,893,000. Virtu Financial LLC lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares during the period. Susquehanna International Group LLP lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the period. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth $3,566,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at about $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.