Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Short Interest Report for September

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) was the target of a large decline in short interest in September. As of September 30th, there was short interest totaling 14,846,148 shares, a decline of 43.4% from the September 15th total of 26,215,055 shares. Approximately 22.5% of the company’s shares are short sold. Based on an average daily volume of 18,827,004 shares, the short-interest ratio is presently 0.8 days.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

Shares of NYSEARCA:KORU traded down $0.89 during trading on Thursday, reaching $12.04. 69,984,094 shares of the stock were exchanged, compared to its average volume of 21,518,854. The firm’s 50-day moving average price is $20.18 and its 200 day moving average price is $27.42. The firm has a market cap of $828.02 million, a price-to-earnings ratio of 9.42 and a beta of 4.59. Direxion Daily MSCI South Korea Bull 3X ETF has a 12-month low of $6.28 and a 12-month high of $63.98.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Hoey Investments Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter worth approximately $43,000. Farther Finance Advisors LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after acquiring an additional 1,444 shares in the last quarter. Finally, NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter worth $3,566,000.

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.