Short Interest in Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Rises By 65.7%

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw a significant growth in short interest during the month of March. As of March 13th, there was short interest totaling 249,072 shares, a growth of 65.7% from the February 26th total of 150,347 shares. Approximately 18.7% of the company’s stock are sold short. Based on an average daily volume of 1,922,208 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several hedge funds and other institutional investors have recently bought and sold shares of KORU. Farther Finance Advisors LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $34,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $47,000. Sovereign Financial Group Inc. lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares during the last quarter. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the last quarter. 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 about $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

KORU stock traded up $4.10 during midday trading on Friday, reaching $274.03. 1,095,656 shares of the company were exchanged, compared to its average volume of 734,389. The company has a market cap of $364.46 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. Direxion Daily MSCI South Korea Bull 3x Shares has a 1-year low of $27.16 and a 1-year high of $665.40. The stock’s 50-day simple moving average is $389.83 and its 200 day simple moving average is $237.15.

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.