Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Price Up 5% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s share price was up 5% during mid-day trading on Tuesday. The stock traded as high as $21.35 and last traded at $21.41. 4,982,357 shares traded hands during mid-day trading, a decline of 76% from the average session volume of 21,056,070 shares. The stock had previously closed at $20.40.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

The business’s 50-day moving average is $19.82 and its 200-day moving average is $27.29. The company has a market capitalization of $1.37 billion, a PE ratio of 9.42 and a beta of 4.58.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

An institutional investor recently bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF stock. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 150 shares of the company’s stock, valued at approximately $43,000.

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.