Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Shares Climb 5% – Should You Buy?

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) shares were up 5% during mid-day trading on Tuesday. The stock traded as high as $21.35 and last traded at $21.41. Approximately 4,982,357 shares were traded during mid-day trading, a decline of 76% from the average session volume of 21,056,070 shares. The stock had previously closed at $20.40.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Performance

The company’s 50-day moving average is $19.82 and its 200 day moving average is $27.29. The company has a market capitalization of $1.37 billion, a PE ratio of 9.42 and a beta of 4.58.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

A hedge fund recently bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF stock. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 150 shares of the company’s stock, valued at approximately $43,000.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.