Investors Buy High Volume of Put Options on Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw some unusual options trading activity on Friday. Investors acquired 7,675 put options on the company. This represents an increase of approximately 65% compared to the average volume of 4,642 put options.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 6.7%

Shares of NYSEARCA KORU traded up $1.25 during trading on Friday, hitting $19.90. 29,932,193 shares of the company traded hands, compared to its average volume of 18,478,287. The firm has a market capitalization of $55.32 million, a P/E ratio of 9.42 and a beta of 4.43. The company has a 50-day moving average price of $39.92 and a 200-day moving average price of $26.55. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $3.72 and a 1 year high of $63.98.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of institutional investors have recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $43,000. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $34,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $47,000. Group One Trading LLC increased its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares in the last quarter. Finally, Sovereign Financial Group Inc. increased its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $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.