Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped down prior to trading on Friday . The stock had previously closed at $842.01, but opened at $792.85. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $787.67, with a volume of 510,176 shares trading hands.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38. The company’s 50 day simple moving average is $685.00 and its two-hundred day simple moving average is $433.37.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in KORU. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at approximately $1,893,000. Group One Trading LLC increased its stake in 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 buying an additional 1,855 shares during the period. Optiver Holding B.V. increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after buying an additional 10,942 shares during the period. Virtu Financial LLC increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after buying an additional 20,986 shares during the period. Finally, Susquehanna International Group LLP increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the period.

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.