Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 31,477,143 shares, an increase of 102.8% from the July 15th total of 15,522,767 shares. Currently, 37.7% of the shares of the stock are sold short. Based on an average daily volume of 42,556,243 shares, the days-to-cover ratio is currently 0.7 days.
Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.6%
Shares of KORU stock traded up $0.33 on Friday, reaching $21.60. The company’s stock had a trading volume of 20,333,140 shares, compared to its average volume of 20,904,719. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $3.76 and a 12-month high of $63.98. The company has a market capitalization of $1.80 billion, a P/E ratio of 9.42 and a beta of 4.51. The stock’s 50 day simple moving average is $28.14 and its 200-day simple moving average is $27.30.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
A number of institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Hoey Investments Inc. purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $43,000. Tucker Asset Management LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $47,000. Group One Trading LLC increased its position in shares of 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 worth $207,000 after purchasing an additional 1,855 shares during the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth approximately $1,893,000.
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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