Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 10,928,270 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 18,581,477 shares.The stock last traded at $21.96 and had previously closed at $20.76.
Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 4.0%
The firm’s 50 day moving average price is $37.92 and its two-hundred day moving average price is $26.85. The company has a market capitalization of $1.61 billion, a price-to-earnings ratio of 9.42 and a beta of 4.43.
Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares
Institutional investors and hedge funds have recently bought and sold shares of the business. Hoey Investments Inc. acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at $43,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $47,000. Group One Trading LLC increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $1,039,000.
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.
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