Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Hits New 12-Month High – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) reached a new 52-week high during trading on Wednesday . The stock traded as high as $384.00 and last traded at $374.6020, with a volume of 45676 shares traded. The stock had previously closed at $363.05.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Down 5.5%

The company’s 50 day moving average price is $217.98 and its two-hundred day moving average price is $150.55. The firm has a market cap of $456.50 million, a PE ratio of 9.42 and a beta of 3.65.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the business. Susquehanna International Group LLP boosted 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 stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third 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 in the last quarter. Jane Street Group LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at approximately $1,893,000. Optiver Holding B.V. grew its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after purchasing an additional 10,942 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth $1,039,000.

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.