Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report)’s share price gapped up prior to trading on Tuesday. The stock had previously closed at $10.89, but opened at $11.52. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $11.3990, with a volume of 14,249,478 shares traded.
Direxion Daily MSCI South Korea Bull 3X ETF Price Performance
The firm’s 50 day moving average is $19.09 and its 200 day moving average is $24.26. The firm has a market cap of $1.32 billion, a P/E ratio of 9.42 and a beta of 4.59.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF
Institutional investors and hedge funds have recently made changes to their positions in the business. SBI Securities Co. Ltd. raised its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% during the third quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock valued at $84,000 after buying an additional 3,969 shares during the last quarter. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter worth about $2,579,000. Millennium Capital Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter worth about $220,000. Farther Finance Advisors LLC boosted its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after purchasing an additional 1,444 shares in the last quarter. Finally, NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth about $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.
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