Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $700.01, but opened at $762.71. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $750.00, with a volume of 440,247 shares changing hands.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The company has a market cap of $2.17 billion, a P/E ratio of 9.42 and a beta of 4.38. The company’s 50-day moving average is $783.91 and its two-hundred day moving average is $478.92.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

A number of institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000. Group One Trading LLC lifted 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 purchasing an additional 1,855 shares in the last quarter. Optiver Holding B.V. boosted its position 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 buying an additional 10,942 shares during the last quarter. Virtu Financial LLC boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third 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 last quarter. Finally, Susquehanna International Group LLP boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third 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 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.