Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Volume Increase – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw an uptick in trading volume on Wednesday . 513,399 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 611,400 shares.The stock last traded at $398.94 and had previously closed at $395.65.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market capitalization of $522.69 million, a PE ratio of 9.42 and a beta of 3.65. The company’s fifty day simple moving average is $376.51 and its 200-day simple moving average is $223.99.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000. Group One Trading LLC raised 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 last quarter. Sovereign Financial Group Inc. acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter valued at approximately $260,000. Optiver Holding B.V. raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares during the last quarter. Finally, Virtu Financial LLC lifted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares in the last quarter.

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.