Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report)’s share price fell 14.7% during mid-day trading on Friday. The stock traded as low as $10.80 and last traded at $10.8640. 19,188,765 shares were traded during mid-day trading, a decline of 15% from the average session volume of 22,501,947 shares. The stock had previously closed at $12.73.
Direxion Daily MSCI South Korea Bull 3X ETF Trading Down 17.8%
The stock’s 50 day moving average is $18.43 and its two-hundred day moving average is $24.26. The stock has a market cap of $1.14 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59.
Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF
Several hedge funds have recently modified their holdings of KORU. Hoey Investments Inc. boosted its holdings in Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% in the third quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock valued at $83,000 after acquiring an additional 3,975 shares during the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% in the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock worth $84,000 after purchasing an additional 3,969 shares during the period. Capstone Capital Management Ltd purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter worth about $2,579,000. Millennium Capital Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter valued at about $220,000. Finally, Farther Finance Advisors LLC lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after purchasing an additional 1,444 shares in the last quarter.
About Direxion Daily MSCI South Korea Bull 3X ETF
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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