Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Here’s What Happened

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORUGet Free Report) gapped up before the market opened on Monday . The stock had previously closed at $17.85, but opened at $18.97. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $18.48, with a volume of 6,365,317 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 9.2%

The firm has a 50 day moving average of $37.05 and a 200 day moving average of $26.97. The firm has a market cap of $1.21 billion, a PE ratio of 9.42 and a beta of 4.43.

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

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter valued at $1,893,000. Group One Trading LLC increased its holdings in 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 worth $207,000 after acquiring an additional 1,855 shares during the last quarter. Virtu Financial LLC increased its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares during the last quarter. Susquehanna International Group LLP raised its stake 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 valued at $5,541,000 after acquiring an additional 18,682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $1,039,000.

About Direxion Daily MSCI South Korea Bull 3x Shares

(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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