Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 15,522,765 shares, a growth of 1,828.1% from the June 30th total of 805,067 shares. Approximately 20.8% of the shares of the stock are short sold. Based on an average daily volume of 36,774,465 shares, the days-to-cover ratio is currently 0.4 days.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
NYSEARCA KORU traded down $4.16 during trading hours on Friday, hitting $17.85. 28,356,443 shares of the company’s stock traded hands, compared to its average volume of 18,748,027. The company has a market capitalization of $1.33 billion, a PE ratio of 9.42 and a beta of 4.43. Direxion Daily MSCI South Korea Bull 3x Shares has a 52-week low of $3.72 and a 52-week high of $63.98. The firm’s 50-day moving average is $37.05 and its 200-day moving average is $26.86.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several large investors have recently modified their holdings of the business. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at $1,893,000. Group One Trading LLC grew its position 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 acquiring an additional 1,855 shares in the last quarter. Virtu Financial LLC increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after purchasing an additional 20,986 shares during the period. Susquehanna International Group LLP increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after purchasing an additional 18,682 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $1,039,000.
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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