Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 20.4% – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price traded up 20.4% during mid-day trading on Thursday . The company traded as high as $14.62 and last traded at $14.54. 26,447,937 shares changed hands during mid-day trading, an increase of 35% from the average daily volume of 19,633,045 shares. The stock had previously closed at $12.08.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market capitalization of $1.16 billion, a PE ratio of 9.42 and a beta of 4.43. The company’s fifty day simple moving average is $35.75 and its 200 day simple moving average is $27.03.

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

Hedge funds and other institutional investors have recently modified their holdings of the business. Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $1,039,000. NWI Management LP purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at approximately $3,566,000. Susquehanna International Group LLP raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the 3rd 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 raised its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth $1,893,000.

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.