Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $384.00 and last traded at $374.6020, with a volume of 45676 shares trading hands. The stock had previously closed at $363.05.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a market capitalization of $456.50 million, a P/E ratio of 9.42 and a beta of 3.65. The company’s fifty day simple moving average is $217.98 and its 200-day simple moving average is $150.55.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at approximately $1,893,000. Group One Trading LLC boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares during the period. Sovereign Financial Group Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter valued at approximately $260,000. Optiver Holding B.V. increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,942 shares during the period. Finally, Virtu Financial LLC lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares during the period.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.