Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 7.3% – Here’s What Happened

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) rose 7.3% during mid-day trading on Friday . The company traded as high as $22.28 and last traded at $22.2020. 9,217,772 shares were traded during trading, a decline of 56% from the average daily volume of 21,050,846 shares. The stock had previously closed at $20.69.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a market capitalization of $1.88 billion, a price-to-earnings ratio of 9.42 and a beta of 4.58. The company has a 50 day moving average price of $21.76 and a 200 day moving average price of $27.56.

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

Several institutional investors have recently bought and sold shares of KORU. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth about $1,893,000. Virtu Financial LLC increased its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares in the last quarter. Susquehanna International Group LLP raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the last quarter. NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at about $3,566,000. Finally, Group One Trading LLC lifted 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 valued at $207,000 after acquiring an additional 1,855 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.