Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Gap Up – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s stock price gapped up prior to trading on Thursday . The stock had previously closed at $18.28, but opened at $20.16. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $20.2630, with a volume of 10,622,171 shares changing hands.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The company has a 50-day moving average of $19.99 and a 200 day moving average of $27.33. The company has a market cap of $1.69 billion, a PE ratio of 9.42 and a beta of 4.58.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hoey Investments Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 1st quarter valued at approximately $43,000. Tucker Asset Management LLC bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the fourth quarter valued at $47,000. Finally, NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter valued at $3,566,000.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.