Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report) gapped down prior to trading on Thursday. The stock had previously closed at $13.78, but opened at $12.65. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $12.5890, with a volume of 14,949,666 shares traded.
Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance
The stock has a market capitalization of $1.16 billion, a PE ratio of 9.42 and a beta of 4.59. The stock has a 50-day moving average price of $18.23 and a two-hundred day moving average price of $24.25.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF
Large investors have recently added to or reduced their stakes in the company. Capstone Capital Management Ltd purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter worth $2,579,000. NWI Management LP bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 1st quarter valued at $3,566,000. Millennium Capital Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter valued at $220,000. Hoey Investments Inc. lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% during the 3rd quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock valued at $83,000 after buying an additional 3,975 shares in the last quarter. Finally, SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock valued at $84,000 after buying an additional 3,969 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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