Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price were down 12% during mid-day trading on Friday . The stock traded as low as $19.00 and last traded at $19.37. 9,075,443 shares were traded during mid-day trading, a decline of 51% from the average session volume of 18,591,711 shares. The stock had previously closed at $22.01.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The stock has a market cap of $1.46 billion, a P/E ratio of 9.42 and a beta of 4.43. The business’s 50 day simple moving average is $37.44 and its 200 day simple moving average is $26.93.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several hedge funds and other institutional investors have recently modified their holdings of KORU. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at $1,893,000. Group One Trading LLC raised its stake in 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 acquiring an additional 1,855 shares in the last quarter. Virtu Financial LLC lifted its holdings in shares of 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 valued at $2,972,000 after acquiring an additional 20,986 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of 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 valued at $5,541,000 after acquiring an additional 18,682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at $1,039,000.
About Direxion Daily MSCI South Korea Bull 3x Shares
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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