Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sets New 52-Week High – Here’s Why

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price hit a new 52-week high during trading on Monday . The company traded as high as $989.19 and last traded at $965.23, with a volume of 174199 shares. The stock had previously closed at $942.18.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The business has a 50 day moving average of $435.42 and a 200 day moving average of $305.10. The firm has a market capitalization of $2.89 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna International Group LLP lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Virtu Financial LLC lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares in the last quarter. Jane Street Group LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the second 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 third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth 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.