Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $21.73, but opened at $19.87. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.79, with a volume of 10,405,726 shares changing hands.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 6.0%
The firm has a market cap of $1.64 billion, a P/E ratio of 9.42 and a beta of 4.43. The firm has a fifty day moving average of $37.44 and a 200-day moving average of $26.93.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $34,000. Hoey Investments Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $43,000. Tucker Asset Management LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $47,000. Group One Trading LLC raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second 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 in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth $1,039,000.
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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