Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) gapped down before the market opened on Tuesday . The stock had previously closed at $713.82, but opened at $617.92. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $641.33, with a volume of 288,174 shares changing hands.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance
The stock has a market capitalization of $1.98 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The company has a 50-day moving average of $482.63 and a 200-day moving average of $339.59.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several large investors have recently modified their holdings of the stock. Hoey Investments Inc. acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth about $43,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at about $34,000. Tucker Asset Management LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth about $47,000. Sovereign Financial Group Inc. increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after acquiring an additional 1,610 shares during the period. Finally, Group One Trading LLC grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after acquiring an additional 1,855 shares during the last quarter.
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.
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