Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $20.96, but opened at $20.02. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $20.08, with a volume of 7,325,531 shares trading hands.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The firm has a market cap of $1.68 billion, a PE ratio of 9.42 and a beta of 4.51. The stock’s 50 day simple moving average is $22.18 and its 200 day simple moving average is $27.58.

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

Hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at $34,000. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth about $43,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $47,000. Group One Trading LLC lifted its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second 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 during the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth about $1,893,000.

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.