Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Hits New 1-Year High – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price reached a new 52-week high during trading on Thursday . The company traded as high as $457.02 and last traded at $455.7670, with a volume of 82030 shares traded. The stock had previously closed at $435.80.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The business has a 50-day simple moving average of $271.00 and a two-hundred day simple moving average of $173.98. The stock has a market cap of $602.11 million, a price-to-earnings ratio of 9.42 and a beta of 3.65.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $34,000. Tucker Asset Management LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Sovereign Financial Group Inc. bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 3rd quarter valued at about $260,000. Group One Trading LLC raised 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 valued at $207,000 after acquiring an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

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.