Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant growth in short interest during the month of January. As of January 15th, there was short interest totaling 43,679 shares, a growth of 102.7% from the December 31st total of 21,549 shares. Based on an average daily volume of 152,162 shares, the short-interest ratio is currently 0.3 days. Currently, 3.4% of the shares of the company are sold short. Currently, 3.4% of the shares of the company are sold short. Based on an average daily volume of 152,162 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth approximately $34,000. Group One Trading LLC raised its holdings in shares of 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 acquiring an additional 1,855 shares in the last quarter. Sovereign Financial Group Inc. bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter valued at $260,000. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $1,039,000. Finally, Optiver Holding B.V. raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,942 shares during the period.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 5.4%

Shares of KORU stock opened at $347.90 on Friday. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $27.16 and a 12-month high of $383.22. The stock has a market capitalization of $462.71 million, a P/E ratio of 9.42 and a beta of 3.65. The firm’s 50 day moving average is $209.57 and its 200 day moving average is $146.34.

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.