Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading Down 5.2% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) were down 5.2% during trading on Monday . The stock traded as low as $480.00 and last traded at $488.93. Approximately 391,442 shares traded hands during trading, a decline of 53% from the average daily volume of 827,907 shares. The stock had previously closed at $515.85.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The firm’s 50 day moving average is $401.60 and its 200-day moving average is $265.82. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 9.42 and a beta of 3.58.

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

Several large investors have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at $1,893,000. Group One Trading LLC lifted its stake in shares of 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 purchasing an additional 1,855 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 3rd quarter valued at $260,000. Optiver Holding B.V. lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd 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 period. Finally, Virtu Financial LLC lifted its stake in shares of 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 valued at $2,972,000 after purchasing 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.