Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Down 15.3% – Time to Sell?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) dropped 15.3% on Friday . The company traded as low as $698.85 and last traded at $702.62. Approximately 447,391 shares traded hands during trading, a decline of 47% from the average session volume of 838,227 shares. The stock had previously closed at $829.09.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a fifty day moving average of $797.76 and a two-hundred day moving average of $487.82. The firm has a market capitalization of $2.22 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

A number of institutional investors have recently modified their holdings of KORU. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $1,039,000. Optiver Holding B.V. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Sovereign Financial Group Inc. boosted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in 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 in the last quarter. NWI Management LP bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at $3,566,000. Finally, Susquehanna International Group LLP raised its holdings in shares of 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 worth $5,541,000 after buying an additional 18,682 shares in 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.