Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Down 9.4% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report)’s share price dropped 9.4% on Tuesday. The company traded as low as $7.02 and last traded at $6.9680. Approximately 37,670,836 shares traded hands during trading, an increase of 57% from the average daily volume of 24,014,127 shares. The stock had previously closed at $7.69.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The company has a market capitalization of $797.26 million, a P/E ratio of 9.42 and a beta of 4.85. The company has a 50 day moving average of $16.35 and a 200-day moving average of $24.04.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of large investors have recently made changes to their positions in KORU. Farther Finance Advisors LLC increased its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after buying an additional 1,444 shares during the period. Parallel Advisors LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter worth $36,000. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% in the third quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock valued at $84,000 after acquiring an additional 3,969 shares in the last quarter. Hoey Investments Inc. boosted its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% in the third quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock valued at $83,000 after acquiring an additional 3,975 shares in the last quarter. Finally, Vestor Capital LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter valued at $136,000.

About Direxion Daily MSCI South Korea Bull 3X ETF

(Get Free Report)

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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