Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) gapped down prior to trading on Tuesday . The stock had previously closed at $20.96, but opened at $20.02. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.08, with a volume of 7,325,531 shares changing hands.
Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 7.3%
The stock’s 50-day simple moving average is $22.83 and its 200-day simple moving average is $27.59. The stock has a market cap of $1.62 billion, a price-to-earnings ratio of 9.42 and a beta of 4.51.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares
A number of hedge funds have recently added to or reduced their stakes in KORU. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter valued at $1,893,000. Virtu Financial LLC lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after purchasing an additional 20,986 shares during the period. Susquehanna International Group LLP lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after purchasing an additional 18,682 shares during the period. NWI Management LP acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $3,566,000. Finally, Group One Trading LLC grew its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares in the last quarter.
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.
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