Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Reaches New 12-Month High – Time to Buy?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) reached a new 52-week high on Tuesday . The company traded as high as $667.02 and last traded at $621.77, with a volume of 641806 shares. The stock had previously closed at $602.68.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The business has a 50 day moving average of $420.14 and a two-hundred day moving average of $291.44. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Optiver Holding B.V. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000. Sovereign Financial Group Inc. raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the last quarter. Susquehanna International Group LLP raised its stake in shares of 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 worth $5,541,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Virtu Financial LLC raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third 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.

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.