Direxion Daily MSCI South Korea Bull 3x Shares Sees Unusually Large Options Volume (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of unusually large options trading on Tuesday. Stock investors acquired 44,143 call options on the stock. This is an increase of approximately 617% compared to the typical volume of 6,160 call options.

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

A number of institutional investors have recently modified their holdings of the stock. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $47,000. 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. 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 $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 18.1%

Shares of KORU stock traded up $3.34 during trading hours on Tuesday, hitting $21.75. The company’s stock had a trading volume of 19,079,167 shares, compared to its average volume of 18,616,451. The company has a 50 day moving average of $38.73 and a 200 day moving average of $26.67. The stock has a market cap of $1.62 billion, a PE ratio of 9.42 and a beta of 4.43. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $3.72 and a 12-month high of $63.98.

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.