Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Short Interest Jumps 48.8%

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) was the recipient of a large increase in short interest during the month of September. As of September 15th, there was short interest totaling 26,215,055 shares, an increase of 48.8% from the August 31st total of 17,620,750 shares. Currently, 42.7% of the company’s shares are sold short. Based on an average daily trading volume, of 22,100,373 shares, the days-to-cover ratio is presently 1.2 days.

Institutional Investors 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 position in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 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 as of its most recent filing with the Securities and Exchange Commission.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

Shares of Direxion Daily MSCI South Korea Bull 3X ETF stock traded up $1.59 during midday trading on Friday, reaching $22.68. 15,700,546 shares of the company’s stock traded hands, compared to its average volume of 21,059,146. The stock has a 50 day moving average of $19.78 and a 200-day moving average of $27.37. Direxion Daily MSCI South Korea Bull 3X ETF has a 12 month low of $5.32 and a 12 month high of $63.98. The company has a market cap of $1.51 billion, a PE ratio of 9.42 and a beta of 4.59.

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.