Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Should You Sell?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $781.35, but opened at $643.58. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $651.25, with a volume of 648,423 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market cap of $1.86 billion, a PE ratio of 9.42 and a beta of 4.38. The business has a fifty day moving average of $814.32 and a 200 day moving average of $500.20.

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Direxion Daily MSCI South Korea Bull 3x Shares’s stock is scheduled to split before the market opens on Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly created shares will be distributed to shareholders after the market closes on Tuesday, July 14th.

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

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth approximately $1,893,000. Group One Trading LLC raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second 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. Virtu Financial LLC raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares in the last quarter. Susquehanna International Group LLP boosted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after acquiring an additional 18,682 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during 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 during the last quarter.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

(Get Free Report)

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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