Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Volume Increase – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw strong trading volume on Wednesday . 12,215,202 shares traded hands during mid-day trading, a decline of 41% from the previous session’s volume of 20,745,021 shares.The stock last traded at $20.08 and had previously closed at $17.64.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm’s 50-day moving average is $28.32 and its two-hundred day moving average is $27.34. The company has a market cap of $1.77 billion, a P/E ratio of 9.42 and a beta of 4.51.

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

A number of large investors have recently made changes to their positions in KORU. NWI Management LP purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at about $3,566,000. Hoey Investments Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth about $43,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $47,000. Farther Finance Advisors LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth approximately $34,000. Finally, Susquehanna International Group LLP increased its position 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 valued at $5,541,000 after purchasing an additional 18,682 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.