Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) gapped up before the market opened on Friday. The stock had previously closed at $21.09, but opened at $22.74. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $23.1820, with a volume of 7,597,953 shares traded.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Up 7.1%

The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59. The firm’s 50-day moving average is $19.78 and its two-hundred day moving average is $27.37.

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 bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 12,552 shares of the company’s stock, valued at approximately $3,566,000. NWI Management LP owned approximately 0.44% of Direxion Daily MSCI South Korea Bull 3X ETF at the end of the most recent reporting period.

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.