Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $15.87, but opened at $17.71. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $18.44, with a volume of 17,978,893 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 3.6%

The firm has a market capitalization of $1.54 billion, a PE ratio of 9.42 and a beta of 4.51. The business has a fifty day moving average price of $33.05 and a two-hundred day moving average price of $27.18.

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

Several hedge funds have recently bought and sold shares of the company. Susquehanna International Group LLP boosted its holdings in 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 during the period. Virtu Financial LLC raised its holdings in 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 acquiring an additional 20,986 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth $1,893,000. NWI Management LP acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth about $3,566,000. Finally, Group One Trading LLC boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in 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 in the last quarter.

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.