Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as $1,027.67 and last traded at $1,014.98, with a volume of 857051 shares traded. The stock had previously closed at $780.35.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The firm’s 50-day moving average is $562.95 and its 200 day moving average is $378.68. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
Several institutional investors and hedge funds have recently bought and sold shares of KORU. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $1,039,000. Optiver Holding B.V. increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Sovereign Financial Group Inc. increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after acquiring an additional 1,610 shares in the last quarter. Susquehanna International Group LLP increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Finally, Virtu Financial LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares in the last quarter.
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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