Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Time to Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares gapped up before the market opened on Thursday . The stock had previously closed at $413.42, but opened at $440.03. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $440.7180, with a volume of 95,916 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 7.1%

The stock has a market capitalization of $595.16 million, a PE ratio of 9.42 and a beta of 3.65. The business’s fifty day moving average is $254.98 and its two-hundred day moving average is $166.02.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth about $47,000. Sovereign Financial Group Inc. grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after acquiring an additional 1,610 shares during the period. Group One Trading LLC grew its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after acquiring an additional 1,855 shares during the period. Finally, Wealth Enhancement Advisory Services LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter worth about $1,039,000.

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.