Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) saw unusually-high trading volume on Wednesday . 33,901,203 shares changed hands during trading, an increase of 77% from the previous session’s volume of 19,175,891 shares.The stock last traded at $13.25 and had previously closed at $14.15.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance
The company has a 50-day moving average of $36.27 and a 200-day moving average of $27.02. The firm has a market capitalization of $939.21 million, a price-to-earnings ratio of 9.42 and a beta of 4.43.
Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several large investors have recently made changes to their positions in the stock. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at $43,000. Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $47,000. Group One Trading LLC lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in 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. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $1,039,000.
About Direxion Daily MSCI South Korea Bull 3x Shares
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.
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