Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s share price fell 12% during mid-day trading on Friday . The company traded as low as $19.00 and last traded at $19.37. 9,075,443 shares changed hands during trading, a decline of 51% from the average daily volume of 18,591,711 shares. The stock had previously closed at $22.01.
Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 11.4%
The stock has a market capitalization of $1.46 billion, a P/E ratio of 9.42 and a beta of 4.43. The firm’s fifty day moving average is $37.44 and its 200-day moving average is $26.93.
Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares
Hedge funds have recently modified their holdings of the company. NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at approximately $3,566,000. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Tucker Asset Management LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at $47,000. Farther Finance Advisors LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at $34,000. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $1,039,000.
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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