Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $1,090.00, but opened at $1,179.21. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $1,170.20, with a volume of 175,619 shares trading hands.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 3.2%
The firm’s 50 day simple moving average is $594.58 and its 200 day simple moving average is $392.89. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.
Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several large investors have recently made changes to their positions in the company. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at approximately $3,566,000. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at approximately $43,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at approximately $47,000. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at approximately $34,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth 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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