Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Volume Increase – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-high trading volume on Wednesday . 1,435,638 shares were traded during mid-day trading, an increase of 65% from the previous session’s volume of 871,630 shares.The stock last traded at $509.00 and had previously closed at $544.83.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 3.0%

The firm has a market capitalization of $1.44 billion, a P/E ratio of 9.42 and a beta of 4.43. The business has a 50-day moving average of $821.99 and a 200 day moving average of $520.83.

Direxion Daily MSCI South Korea Bull 3x Shares shares are going to split before the market opens on Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly minted shares will be issued to shareholders after the closing bell on Tuesday, July 14th.

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

Several hedge funds and other institutional investors have recently modified their holdings of KORU. Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth $1,039,000. Sovereign Financial Group Inc. increased its stake in 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 valued at $739,000 after purchasing an additional 1,610 shares in the last quarter. Group One Trading LLC raised its holdings in 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 worth $207,000 after buying an additional 1,855 shares during the last quarter. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth $1,893,000. Finally, Susquehanna International Group LLP lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in 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 in 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.