Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Up 123.4% in February

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of a large increase in short interest in the month of February. As of February 27th, there was short interest totaling 150,347 shares, an increase of 123.4% from the February 12th total of 67,302 shares. Currently, 11.3% of the company’s shares are sold short. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily volume of 449,345 shares, the days-to-cover ratio is presently 0.3 days. Currently, 11.3% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds have recently made changes to their positions in KORU. Jane Street Group LLC acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth $1,893,000. Virtu Financial LLC raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after buying an additional 20,986 shares during the period. Susquehanna International Group LLP lifted its stake 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 acquiring an additional 18,682 shares in the last quarter. Optiver Holding B.V. boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares during the period. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 5.4%

Shares of KORU opened at $394.04 on Thursday. The company’s 50-day moving average price is $365.50 and its 200 day moving average price is $215.39. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $27.16 and a 12-month high of $665.40. The firm has a market cap of $524.07 million, a P/E ratio of 9.42 and a beta of 3.65.

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.