Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 67,302 shares, a decrease of 15.6% from the January 29th total of 79,710 shares. Based on an average daily trading volume, of 273,470 shares, the short-interest ratio is currently 0.2 days. Approximately 5.1% of the company’s shares are short sold. Approximately 5.1% of the company’s shares are short sold. Based on an average daily trading volume, of 273,470 shares, the short-interest ratio is currently 0.2 days.

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

A number of institutional investors have recently bought and sold shares of KORU. Optiver Holding B.V. grew its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares during the period. Sovereign Financial Group Inc. bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter valued at approximately $260,000. Susquehanna International Group LLP raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the last quarter. Virtu Financial LLC boosted its holdings 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 acquiring an additional 20,986 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 22.0%

Shares of KORU traded down $92.43 during trading hours on Thursday, hitting $328.30. The company had a trading volume of 2,147,753 shares, compared to its average volume of 452,219. Direxion Daily MSCI South Korea Bull 3x Shares has a 52-week low of $27.16 and a 52-week high of $665.40. The stock’s 50 day moving average price is $346.32 and its 200 day moving average price is $205.13. The firm has a market cap of $436.64 million, a P/E ratio of 9.42 and a beta of 3.65.

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.