Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 65.7% in March

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw a significant increase in short interest in the month of March. As of March 13th, there was short interest totaling 249,072 shares, an increase of 65.7% from the February 26th total of 150,347 shares. Approximately 18.7% of the shares of the company are short sold. Based on an average daily trading volume, of 1,922,208 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.5%

NYSEARCA KORU traded up $4.10 during trading hours on Friday, reaching $274.03. 1,095,656 shares of the company were exchanged, compared to its average volume of 734,389. The stock has a market capitalization of $364.46 million, a P/E ratio of 9.42 and a beta of 3.65. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $27.16 and a 1 year high of $665.40. The business’s 50 day simple moving average is $389.83 and its 200-day simple moving average is $237.15.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several large investors have recently modified their holdings of KORU. Jane Street Group LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at approximately $1,893,000. Virtu Financial LLC increased its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the period. Optiver Holding B.V. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after buying an additional 10,942 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at $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.