Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 52-Week High – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares hit a new 52-week high during trading on Monday . The company traded as high as $989.19 and last traded at $965.23, with a volume of 174199 shares. The stock had previously closed at $942.18.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market cap of $2.19 billion, a P/E ratio of 9.42 and a beta of 4.17. The business’s 50 day simple moving average is $452.09 and its 200 day simple moving average is $320.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KORU. Jane Street Group LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth about $1,893,000. Group One Trading LLC raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second 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 last quarter. Optiver Holding B.V. raised its stake 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 acquiring an additional 10,942 shares during the last quarter. Virtu Financial LLC raised its stake 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 last quarter. Finally, Susquehanna International Group LLP raised its stake 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 last quarter.

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.