Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 10% – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 10% during mid-day trading on Wednesday . The company traded as high as $513.26 and last traded at $508.06. 182,965 shares were traded during mid-day trading, a decline of 78% from the average session volume of 817,761 shares. The stock had previously closed at $461.74.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 14.1%

The stock has a 50-day simple moving average of $405.96 and a 200-day simple moving average of $270.86. The company has a market capitalization of $1.86 billion, a price-to-earnings ratio of 9.42 and a beta of 3.58.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Several institutional investors and hedge funds have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter valued at approximately $1,893,000. Virtu Financial LLC raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Optiver Holding B.V. raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $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.