Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 9.6% – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORUGet Free Report) shot up 9.6% during mid-day trading on Wednesday . The stock traded as high as $761.48 and last traded at $755.81. 591,164 shares were traded during trading, a decline of 25% from the average session volume of 785,708 shares. The stock had previously closed at $689.85.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 7.9%

The company has a 50-day moving average price of $489.46 and a 200-day moving average price of $343.17. The firm has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.

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

A number of institutional investors have recently added to or reduced their stakes in the company. Hoey Investments Inc. acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth approximately $43,000. Farther Finance Advisors LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $34,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $47,000. Sovereign Financial Group Inc. lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the period. Finally, Group One Trading LLC lifted its position 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 worth $207,000 after purchasing an additional 1,855 shares during the period.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

(Get Free Report)

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.

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