Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Strong Trading Volume – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-high trading volume on Tuesday . Approximately 620,554 shares changed hands during mid-day trading, an increase of 16% from the previous session’s volume of 533,109 shares.The stock last traded at $407.18 and had previously closed at $403.01.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The company has a market cap of $524.07 million, a PE ratio of 9.42 and a beta of 3.65. The company’s 50 day simple moving average is $365.50 and its two-hundred day simple moving average is $215.39.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds have recently made changes to their positions in KORU. Farther Finance Advisors LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $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 boosted its position 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 worth $207,000 after buying an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $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.