Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 1-Year High – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $386.00 and last traded at $389.0220, with a volume of 37100 shares trading hands. The stock had previously closed at $362.12.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.0%

The business’s 50-day moving average price is $249.21 and its 200 day moving average price is $163.48. The company has a market capitalization of $555.51 million, a P/E ratio of 9.42 and a beta of 3.65.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth $47,000. Sovereign Financial Group Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the third quarter worth $260,000. Group One Trading LLC increased its stake in 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 acquiring an additional 1,855 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at about $1,039,000.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.