Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Strong Trading Volume – Here’s Why

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw unusually-strong trading volume on Friday . Approximately 504,836 shares changed hands during mid-day trading, a decline of 34% from the previous session’s volume of 769,231 shares.The stock last traded at $811.79 and had previously closed at $1,049.70.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market capitalization of $2.16 billion, a P/E ratio of 9.42 and a beta of 4.38. The firm has a 50-day simple moving average of $643.32 and a 200 day simple moving average of $413.88.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

Several institutional investors have recently modified their holdings of KORU. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000. Virtu Financial LLC grew its stake in shares of 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 purchasing an additional 20,986 shares during the last quarter. Susquehanna International Group LLP grew 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 worth $5,541,000 after purchasing an additional 18,682 shares during the last quarter. NWI Management LP bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth $3,566,000. Finally, Optiver Holding B.V. grew 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 worth $1,439,000 after purchasing an additional 10,942 shares during the last quarter.

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.