Stock Traders Buy Large Volume of Put Options on Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of unusually large options trading on Thursday. Stock investors acquired 27,497 put options on the company. This represents an increase of 81% compared to the typical volume of 15,175 put options.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of KORU. Hoey Investments Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Farther Finance Advisors LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $34,000. Tucker Asset Management LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $47,000. Group One Trading LLC grew its holdings in 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 worth $207,000 after purchasing an additional 1,855 shares during the last quarter. Finally, NWI Management LP acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $3,566,000.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

KORU traded up $1.25 on Thursday, hitting $21.57. The company had a trading volume of 24,757,156 shares, compared to its average volume of 20,876,729. The stock has a fifty day moving average price of $28.95 and a 200-day moving average price of $27.31. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $3.76 and a 12-month high of $63.98. The stock has a market capitalization of $1.80 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51.

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.