Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Up – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) gapped up prior to trading on Monday. The stock had previously closed at $10.64, but opened at $12.48. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $12.1550, with a volume of 17,668,005 shares traded.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The company has a market capitalization of $994.97 million, a PE ratio of 9.42 and a beta of 4.59. The business has a 50-day moving average of $19.95 and a 200 day moving average of $27.40.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its holdings in shares of 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 acquiring an additional 1,444 shares in the last quarter. Hoey Investments Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 1st quarter valued at approximately $43,000. Millennium Capital Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at $220,000. Finally, NWI Management LP purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter valued at $3,566,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.