Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) were down 6.5% during trading on Monday . The company traded as low as $13.42 and last traded at $14.02. 16,222,391 shares were traded during mid-day trading, a decline of 20% from the average daily volume of 20,292,047 shares. The stock had previously closed at $14.99.
Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 3.3%
The stock’s fifty day moving average price is $34.76 and its 200 day moving average price is $27.07. The stock has a market cap of $1.18 billion, a P/E ratio of 9.42 and a beta of 4.43.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
A number of large investors have recently modified their holdings of the company. Farther Finance Advisors LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $34,000. Hoey Investments Inc. purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth approximately $43,000. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $47,000. Group One Trading LLC lifted its holdings in shares of 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 worth $207,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in 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.
Further Reading
- Five stocks we like better than Direxion Daily MSCI South Korea Bull 3x Shares
- Why Rare Earth Processing Could Be the Real 2027 Opportunity
- The S&P 493 Are Staging a Comeback—This Value ETF Offers Broad Exposure
- TSMC Insiders Are Buying the Pullback—But Is the Signal as Bullish as It Looks?
- AST SpaceMobile Sets Launch Date Ahead of Key Q2 Earnings Test
Receive News & Ratings for Direxion Daily MSCI South Korea Bull 3x Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily MSCI South Korea Bull 3x Shares and related companies with MarketBeat.com's FREE daily email newsletter.
