Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading 20.4% Higher – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price were up 20.4% during trading on Thursday . The stock traded as high as $14.62 and last traded at $14.54. 26,447,937 shares were traded during mid-day trading, an increase of 35% from the average session volume of 19,633,045 shares. The stock had previously closed at $12.08.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a fifty day simple moving average of $34.76 and a two-hundred day simple moving average of $26.97. The firm has a market capitalization of $1.13 billion, a P/E ratio of 9.42 and a beta of 4.43.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth about $1,039,000. Susquehanna International Group LLP raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in 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 during the period. Virtu Financial LLC raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in 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 during the period. Jane Street Group LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter valued at about $1,893,000. Finally, Group One Trading LLC lifted its holdings 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 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.