Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 65.7% in March

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 249,072 shares, an increase of 65.7% from the February 26th total of 150,347 shares. Currently, 18.7% of the shares of the company are short sold. Based on an average daily volume of 1,922,208 shares, the days-to-cover ratio is currently 0.1 days.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 1.5%

KORU traded up $4.10 during trading on Friday, hitting $274.03. 1,095,656 shares of the stock were exchanged, compared to its average volume of 734,389. The firm has a market capitalization of $364.46 million, a P/E ratio of 9.42 and a beta of 3.65. Direxion Daily MSCI South Korea Bull 3x Shares has a 1-year low of $27.16 and a 1-year high of $665.40. The stock has a fifty day moving average price of $389.83 and a two-hundred day moving average price of $236.11.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds have recently modified their holdings of the business. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $34,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth $47,000. Sovereign Financial Group Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 3rd quarter worth $260,000. Group One Trading LLC grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd 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, Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $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.