Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Down – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) gapped down before the market opened on Thursday. The stock had previously closed at $10.43, but opened at $8.92. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $8.1840, with a volume of 30,690,527 shares.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The firm has a market cap of $718.14 million, a price-to-earnings ratio of 9.42 and a beta of 4.85. The business’s 50-day moving average price is $17.67 and its two-hundred day moving average price is $24.22.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter worth $2,579,000. Vestor Capital LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at $136,000. StoneX Group Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at $349,000. Parallel Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at $36,000. Finally, Hoey Investments Inc. increased its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% in the third quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock valued at $83,000 after purchasing an additional 3,975 shares during the last quarter.

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.