Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 123.4% in February

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of a significant growth in short interest in February. As of February 27th, there was short interest totaling 150,347 shares, a growth of 123.4% from the February 12th total of 67,302 shares. Currently, 11.3% of the company’s stock are short sold. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is currently 0.3 days. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is currently 0.3 days. Currently, 11.3% of the company’s stock are short sold.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

Shares of KORU stock opened at $394.04 on Thursday. The stock has a market capitalization of $524.07 million, a P/E ratio of 9.42 and a beta of 3.65. The company has a 50 day moving average price of $365.50 and a 200 day moving average price of $215.39. Direxion Daily MSCI South Korea Bull 3x Shares has a fifty-two week low of $27.16 and a fifty-two week high of $665.40.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several institutional investors have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $34,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares during the period. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter worth about $260,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth 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.