Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped up before the market opened on Monday . The stock had previously closed at $541.43, but opened at $625.63. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $638.92, with a volume of 356,910 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 18.0%

The company has a market cap of $1.49 billion, a P/E ratio of 9.42 and a beta of 4.43. The company’s 50-day moving average price is $818.01 and its two-hundred day moving average price is $508.79.

Direxion Daily MSCI South Korea Bull 3x Shares shares are set to split on the morning of Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly issued shares will be payable to shareholders after the closing bell on Tuesday, July 14th.

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

Several hedge funds and other institutional investors have recently bought and sold shares of KORU. Jane Street Group LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter valued at approximately $1,893,000. Virtu Financial LLC increased its holdings in shares of 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 last quarter. Susquehanna International Group LLP increased its holdings in shares of 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 last quarter. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at approximately $3,566,000. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $1,039,000.

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.