Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $18.41, but opened at $20.77. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.80, with a volume of 8,528,901 shares.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance
The company has a fifty day simple moving average of $38.73 and a two-hundred day simple moving average of $26.67. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 9.42 and a beta of 4.43.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $43,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Tucker Asset Management LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC increased its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $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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