Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading 13.3% Higher – Still a Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price were up 13.3% during trading on Tuesday . The company traded as high as $353.41 and last traded at $352.49. Approximately 169,869 shares changed hands during mid-day trading, an increase of 10% from the average daily volume of 154,505 shares. The stock had previously closed at $310.99.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 13.3%

The firm’s 50-day moving average price is $195.94 and its 200-day moving average price is $140.86. The stock has a market capitalization of $451.19 million, a PE ratio of 9.42 and a beta of 3.65.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KORU. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $34,000. Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at $1,039,000. Sovereign Financial Group Inc. raised its holdings in 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 buying an additional 1,610 shares during the period. Susquehanna International Group LLP lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third 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 last quarter. Finally, Virtu Financial LLC boosted its stake in 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 worth $2,972,000 after buying an additional 20,986 shares during the period.

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.