Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Sees Strong Trading Volume – Here’s What Happened

Shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw an uptick in trading volume on Monday. 11,671,113 shares were traded during trading, a decline of 44% from the previous session’s volume of 20,968,529 shares. The stock last traded at $15.93 and had previously closed at $17.85.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

The stock’s fifty day moving average price is $20.29 and its two-hundred day moving average price is $27.42. The company has a market cap of $1.01 billion, a P/E ratio of 9.42 and a beta of 4.59.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Hoey Investments Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter worth approximately $43,000. Farther Finance Advisors LLC increased its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after purchasing an additional 1,444 shares in the last quarter. Finally, NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter valued at approximately $3,566,000.

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.