Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Up 6.8% – Time to Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price were up 6.8% on Thursday . The stock traded as high as $890.00 and last traded at $792.00. Approximately 491,511 shares changed hands during trading, a decline of 41% from the average session volume of 835,027 shares. The stock had previously closed at $741.28.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 10.9%

The company has a 50 day moving average of $790.46 and a 200-day moving average of $483.10. The firm has a market capitalization of $2.37 billion, a P/E ratio of 9.42 and a beta of 4.38.

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

Institutional investors have recently modified their holdings of the business. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000. Group One Trading LLC increased its holdings in shares of 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 purchasing an additional 1,855 shares during the period. Optiver Holding B.V. raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after buying an additional 10,942 shares in the last quarter. Virtu Financial LLC boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after buying an additional 20,986 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares during the period.

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.