Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Down 7.7% – Should You Sell?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares fell 7.7% during trading on Tuesday . The stock traded as low as $902.77 and last traded at $922.00. 499,462 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 822,281 shares. The stock had previously closed at $999.25.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 7.0%

The company has a 50-day moving average of $709.72 and a 200-day moving average of $444.25. The firm has a market capitalization of $2.68 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38.

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

A number of institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth about $1,039,000. Optiver Holding B.V. grew 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 purchasing an additional 10,942 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the period. NWI Management LP bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth approximately $3,566,000. Finally, Susquehanna International Group LLP lifted its holdings in shares of 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 worth $5,541,000 after purchasing an additional 18,682 shares during the last quarter.

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.