Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 20.4% – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares shot up 20.4% on Thursday . The stock traded as high as $14.62 and last traded at $14.54. 26,447,937 shares were traded during trading, an increase of 35% from the average session volume of 19,633,045 shares. The stock had previously closed at $12.08.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 27.3%

The firm has a market cap of $1.16 billion, a P/E ratio of 9.42 and a beta of 4.43. The firm’s 50-day simple moving average is $35.75 and its 200 day simple moving average is $27.03.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $34,000. Hoey Investments Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth $43,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $47,000. 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 buying an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at $1,039,000.

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.