Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped down prior to trading on Thursday . The stock had previously closed at $1,196.72, but opened at $978.82. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $965.00, with a volume of 282,619 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a fifty day moving average of $648.96 and a 200 day moving average of $415.25. The company has a market capitalization of $1.76 billion, a P/E ratio of 9.42 and a beta of 4.38.

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

A number of institutional investors have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at about $1,039,000. Optiver Holding B.V. raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares during the period. Sovereign Financial Group Inc. raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after acquiring an additional 1,610 shares during the period. Susquehanna International Group LLP raised its holdings 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 valued at $5,541,000 after acquiring an additional 18,682 shares during the period. Finally, Virtu Financial LLC raised its holdings 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 valued at $2,972,000 after acquiring an additional 20,986 shares during the period.

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.