Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Growth in Short Interest

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 15,522,765 shares, an increase of 1,828.1% from the June 30th total of 805,067 shares. Approximately 20.8% of the company’s stock are sold short. Based on an average daily volume of 36,774,465 shares, the short-interest ratio is currently 0.4 days.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Large investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth approximately $1,893,000. Virtu Financial LLC lifted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in 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 last quarter. Susquehanna International Group LLP lifted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in 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 last quarter. NWI Management LP bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth approximately $3,566,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 18.9%

NYSEARCA KORU traded down $4.16 on Friday, reaching $17.85. The stock had a trading volume of 28,356,443 shares, compared to its average volume of 18,748,027. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $3.72 and a 1 year high of $63.98. The business has a 50 day moving average price of $37.05 and a 200 day moving average price of $26.86. The company has a market capitalization of $1.33 billion, a price-to-earnings ratio of 9.42 and a beta of 4.43.

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.