Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Down – What’s Next?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $24.20, but opened at $22.41. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $21.6750, with a volume of 9,440,193 shares trading hands.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The stock has a market cap of $1.92 billion, a P/E ratio of 9.42 and a beta of 4.58. The stock has a 50-day simple moving average of $20.60 and a 200-day simple moving average of $27.55.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the 2nd quarter worth approximately $1,893,000. Group One Trading LLC boosted its position in Direxion Daily MSCI South Korea Bull 3X ETF 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 in the last quarter. Virtu Financial LLC boosted its position in Direxion Daily MSCI South Korea Bull 3X ETF 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 buying an additional 20,986 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the last quarter. Finally, Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the fourth quarter worth $47,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.