Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading Down 1.9% – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price were down 1.9% on Tuesday . The company traded as low as $130.11 and last traded at $138.40. Approximately 112,413 shares traded hands during mid-day trading, a decline of 37% from the average daily volume of 177,868 shares. The stock had previously closed at $141.12.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a market cap of $184.07 million, a P/E ratio of 9.42 and a beta of 3.65. The firm has a 50 day moving average price of $138.52 and a 200-day moving average price of $97.10.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Institutional investors have recently modified their holdings of the company. Sovereign Financial Group Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the third quarter worth $260,000. Group One Trading LLC grew its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares during the last quarter. Virtu Financial LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth $366,000. Jump Financial LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth $487,000. Finally, Optiver Holding B.V. lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares during the last quarter.

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.