Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Still a Buy?

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 $282.21, but opened at $301.19. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $297.19, with a volume of 401,493 shares changing hands.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 3.0%

The firm has a 50-day moving average of $387.75 and a two-hundred day moving average of $247.17. The company has a market capitalization of $1.19 billion, a PE ratio of 9.42 and a beta of 3.62.

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

Institutional investors and hedge funds have recently made changes to their positions in the business. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $34,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $47,000. Group One Trading LLC increased its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares in the last quarter. Sovereign Financial Group Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the third quarter valued at approximately $260,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth 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.