Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) reached a new 52-week high during mid-day 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 Trading Up 30.1%

The business’s fifty day moving average price is $536.94 and its 200 day moving average price is $366.22. The company has a market capitalization of $2.92 billion, a P/E ratio of 9.42 and a beta of 4.17.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in KORU. Hoey Investments Inc. bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at about $43,000. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $34,000. Tucker Asset Management LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $47,000. Sovereign Financial Group Inc. lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Group One Trading LLC lifted its holdings in 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 valued at $207,000 after purchasing an additional 1,855 shares during 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.