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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-high trading volume on Monday . Approximately 155,835 shares were traded during trading, a decline of 26% from the previous session’s volume of 209,452 shares.The stock last traded at $512.4710 and had previously closed at $524.54.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 9.1%

The stock has a market cap of $801.98 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. The company’s 50-day moving average is $308.78 and its 200-day moving average is $189.51.

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

Several institutional investors have recently bought and sold shares of the stock. Susquehanna International Group LLP grew its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third 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 period. Virtu Financial LLC grew 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 worth $2,972,000 after purchasing an additional 20,986 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 2nd quarter worth about $1,893,000. Optiver Holding B.V. lifted its holdings in 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 valued at $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at about $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.