Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price gapped down before the market opened on Thursday . The stock had previously closed at $405.01, but opened at $373.07. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $366.30, with a volume of 459,907 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock’s fifty day moving average price is $388.29 and its 200-day moving average price is $248.28. The company has a market capitalization of $1.51 billion, a P/E ratio of 9.42 and a beta of 3.62.

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

Institutional investors and hedge funds have recently modified their holdings of the company. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $47,000. Group One Trading LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares in the last quarter. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter worth approximately $260,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th 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.