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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped up before the market opened on Monday . The stock had previously closed at $824.88, but opened at $957.50. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $957.14, with a volume of 251,884 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 19.7%

The stock has a market cap of $2.84 billion, a P/E ratio of 9.42 and a beta of 4.38. The business has a 50-day simple moving average of $695.37 and a 200-day simple moving average of $438.18.

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

Hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $1,039,000. Optiver Holding B.V. grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Sovereign Financial Group Inc. grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares during the last quarter. Susquehanna International Group LLP boosted its position in shares of 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 period. Finally, Virtu Financial LLC boosted its position in shares of 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 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.