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) shares gapped down before the market opened on Friday . The stock had previously closed at $20.41, but opened at $19.67. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $19.2950, with a volume of 7,320,945 shares traded.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The stock has a 50 day moving average price of $19.83 and a two-hundred day moving average price of $27.25. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.42 and a beta of 4.58.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

An institutional investor recently bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF stock. NWI Management LP purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,552 shares of the company’s stock, valued at approximately $3,566,000. NWI Management LP owned 0.44% of Direxion Daily MSCI South Korea Bull 3X ETF at the end of the most recent reporting period.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.