Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) was the recipient of a large decrease in short interest in April. As of April 30th, there was short interest totaling 97,110 shares, a decrease of 42.3% from the April 15th total of 168,242 shares. Approximately 3.4% of the company’s stock are sold short. Based on an average daily volume of 581,780 shares, the short-interest ratio is currently 0.2 days.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Large investors have recently added to or reduced their stakes in the company. Optiver Holding B.V. grew its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Wealth Enhancement Advisory Services LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $1,039,000. Sovereign Financial Group Inc. grew its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the 4th 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 in the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at about $1,893,000. Finally, Group One Trading LLC grew its holdings in shares of 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 acquiring an additional 1,855 shares in the last quarter.
Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 5.0%
KORU stock opened at $713.82 on Tuesday. The stock has a 50-day moving average price of $482.63 and a two-hundred day moving average price of $339.59. The stock has a market cap of $2.06 billion, a PE ratio of 9.42 and a beta of 4.17. Direxion Daily MSCI South Korea Bull 3x Shares has a 1 year low of $44.71 and a 1 year high of $1,007.80.
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.
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