Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Price Down 16.9% – What’s Next?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s share price was down 16.9% during mid-day trading on Monday . The stock traded as low as $18.96 and last traded at $19.1760. Approximately 12,733,348 shares were traded during trading, a decline of 40% from the average session volume of 21,090,941 shares. The stock had previously closed at $23.07.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Up 0.2%

The business has a 50-day moving average of $20.18 and a 200 day moving average of $27.42. The firm has a market capitalization of $1.55 billion, a PE ratio of 9.42 and a beta of 4.58.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Hoey Investments Inc. purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth approximately $43,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the fourth quarter valued at approximately $47,000. Finally, NWI Management LP purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter valued at approximately $3,566,000.

Direxion Daily MSCI South Korea Bull 3X ETF 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.