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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares gapped down prior to trading on Tuesday . The stock had previously closed at $23.54, but opened at $19.98. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $19.81, with a volume of 18,047,215 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a 50-day simple moving average of $27.32 and a 200 day simple moving average of $27.43. The stock has a market capitalization of $1.59 billion, a P/E ratio of 9.42 and a beta of 4.51.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in KORU. Jane Street Group LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter worth $1,893,000. Virtu Financial LLC raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after purchasing an additional 20,986 shares during the last quarter. Susquehanna International Group LLP lifted 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 worth $5,541,000 after buying an additional 18,682 shares during the period. NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth about $3,566,000. Finally, Group One Trading LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after buying an additional 1,855 shares during the last quarter.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.