Sovereign Financial Group Inc. Lowers Holdings in Direxion Daily MSCI South Korea Bull 3x Shares $KORU

Sovereign Financial Group Inc. reduced its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) by 50.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,005 shares of the company’s stock after selling 2,063 shares during the quarter. Sovereign Financial Group Inc. owned about 0.06% of Direxion Daily MSCI South Korea Bull 3x Shares worth $570,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $34,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $47,000. 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 valued at $207,000 after acquiring an additional 1,855 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth $1,039,000. Finally, Optiver Holding B.V. lifted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,942 shares in the last quarter.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 35.7%

KORU opened at $700.01 on Wednesday. The company has a market capitalization of $2.02 billion, a PE ratio of 9.42 and a beta of 4.38. The firm has a 50-day simple moving average of $783.91 and a two-hundred day simple moving average of $478.92. Direxion Daily MSCI South Korea Bull 3x Shares has a 52 week low of $73.95 and a 52 week high of $1,279.70.

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.