Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading 6.3% Higher – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 6.3% during trading on Thursday . The company traded as high as $20.68 and last traded at $20.32. 17,475,951 shares changed hands during trading, a decline of 18% from the average daily volume of 21,200,438 shares. The stock had previously closed at $19.11.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 0.1%

The firm has a fifty day simple moving average of $26.47 and a two-hundred day simple moving average of $27.40. The firm has a market cap of $1.70 billion, a PE ratio of 9.42 and a beta of 4.51.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at $1,893,000. Virtu Financial LLC raised its holdings in 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 worth $2,972,000 after purchasing an additional 20,986 shares in the last quarter. Susquehanna International Group LLP lifted its position 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 worth $5,541,000 after purchasing an additional 18,682 shares during the period. NWI Management LP purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth about $3,566,000. Finally, Group One Trading LLC lifted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares during the period.

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.