Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sets New 52-Week High – Here’s Why

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) reached a new 52-week high on Monday . The stock traded as high as $989.19 and last traded at $965.23, with a volume of 174199 shares. The stock had previously closed at $942.18.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 6.6%

The company has a market capitalization of $2.89 billion, a P/E ratio of 9.42 and a beta of 4.17. The business has a fifty day moving average price of $435.42 and a 200 day moving average price of $305.10.

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

A number of institutional investors have recently modified their holdings of the company. Hoey Investments Inc. bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at about $43,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $47,000. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $34,000. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $1,039,000. Finally, Sovereign Financial Group Inc. lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares in the last quarter.

Direxion Daily MSCI South Korea Bull 3x Shares 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.