Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $610.01, but opened at $726.29. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $725.00, with a volume of 924,012 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market cap of $1.98 billion, a PE ratio of 9.42 and a beta of 4.38. The company has a 50 day simple moving average of $648.96 and a 200-day simple moving average of $417.08.

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

A number of institutional investors have recently made changes to their positions in the business. Susquehanna International Group LLP raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd 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 period. Virtu Financial LLC lifted its stake 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 purchasing an additional 20,986 shares during the last quarter. Jane Street Group LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter valued at about $1,893,000. Optiver Holding B.V. boosted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during 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, NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at about $3,566,000.

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.