Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – Time to Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price hit a new 52-week high during trading on Tuesday . The stock traded as high as $667.02 and last traded at $621.77, with a volume of 641806 shares trading hands. The stock had previously closed at $602.68.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The business has a 50 day moving average of $420.14 and a two-hundred day moving average of $291.44. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $34,000. Tucker Asset Management LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $47,000. Sovereign Financial Group Inc. raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th 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 during the period. Finally, Group One Trading LLC raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd 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 during the period.

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.