Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped down before the market opened on Tuesday . The stock had previously closed at $17.21, but opened at $14.31. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $13.90, with a volume of 23,125,535 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market cap of $913.25 million, a price-to-earnings ratio of 9.42 and a beta of 4.43. The company has a fifty day moving average price of $35.75 and a two-hundred day moving average price of $27.03.

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

Several hedge funds and other institutional investors have recently modified their holdings of KORU. Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000. Group One Trading LLC lifted its stake in 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 acquiring an additional 1,855 shares during the last quarter. NWI Management LP bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth approximately $3,566,000. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth approximately $1,893,000. Finally, Virtu Financial LLC grew its position in 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 acquiring an additional 20,986 shares in 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.