Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 11.4% – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) rose 11.4% during trading on Wednesday . The company traded as high as $821.31 and last traded at $815.13. Approximately 262,864 shares traded hands during trading, a decline of 67% from the average daily volume of 786,504 shares. The stock had previously closed at $731.87.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 22.6%

The stock has a market capitalization of $2.71 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The stock has a 50-day simple moving average of $435.42 and a 200 day simple moving average of $305.10.

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

A number of institutional investors have recently bought and sold shares of the business. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth about $43,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $47,000. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $34,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $1,039,000. Finally, Sovereign Financial Group Inc. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares in the last quarter.

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.