Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Stock Price Down 11.6% – What’s Next?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price were down 11.6% during trading on Monday . The stock traded as low as $17.94 and last traded at $18.00. Approximately 10,435,992 shares traded hands during trading, a decline of 51% from the average session volume of 21,192,293 shares. The stock had previously closed at $20.36.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 7.3%

The company has a fifty day simple moving average of $26.47 and a two-hundred day simple moving average of $27.47. The stock has a market capitalization of $1.57 billion, a P/E ratio of 9.42 and a beta of 4.51.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds have recently modified their holdings of the business. Susquehanna International Group LLP lifted its holdings in shares of 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 purchasing an additional 18,682 shares in the last quarter. Virtu Financial LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after purchasing an additional 20,986 shares during the period. NWI Management LP bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $3,566,000. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $43,000. Finally, Group One Trading LLC increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 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.