Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Hits New 52-Week High – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price reached a new 52-week high on Wednesday . The company traded as high as $386.00 and last traded at $389.0220, with a volume of 37100 shares traded. The stock had previously closed at $362.12.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market capitalization of $511.78 million, a P/E ratio of 9.42 and a beta of 3.65. The business has a 50 day moving average price of $238.60 and a 200 day moving average price of $159.93.

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 KORU. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $47,000. Sovereign Financial Group Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter worth $260,000. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second 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 period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $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.