Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Down 16.9% – What’s Next?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) shares fell 16.9% on Monday . The stock traded as low as $18.96 and last traded at $19.1760. Approximately 12,733,348 shares were traded during trading, a decline of 40% from the average session volume of 21,090,941 shares. The stock had previously closed at $23.07.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 9.42 and a beta of 4.58. The stock’s 50 day simple moving average is $20.60 and its 200-day simple moving average is $27.57.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of large investors have recently bought and sold shares of the business. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the second quarter worth $1,893,000. Group One Trading LLC lifted its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF 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 buying an additional 1,855 shares during the last quarter. Virtu Financial LLC lifted its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after buying an additional 20,986 shares during the last quarter. Susquehanna International Group LLP boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Finally, Tucker Asset Management LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 4th quarter worth about $47,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.