Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) gapped up before the market opened on Tuesday . The stock had previously closed at $15.87, but opened at $17.71. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $18.44, with a volume of 17,978,893 shares trading hands.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The stock has a 50 day simple moving average of $34.29 and a 200-day simple moving average of $27.10. The firm has a market cap of $1.44 billion, a PE ratio of 9.42 and a beta of 4.43.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $34,000. Hoey Investments Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth about $43,000. Tucker Asset Management LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth about $47,000. Group One Trading LLC lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000.
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.
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