Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading 8.2% Higher – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock price traded up 8.2% on Thursday . The stock traded as high as $22.00 and last traded at $21.98. Approximately 17,217,994 shares changed hands during trading, a decline of 17% from the average session volume of 20,817,289 shares. The stock had previously closed at $20.32.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The firm has a market cap of $1.80 billion, a P/E ratio of 9.42 and a beta of 4.51. The stock’s 50-day simple moving average is $28.95 and its two-hundred day simple moving average is $27.31.

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

A number of large investors have recently modified their holdings of the company. Susquehanna International Group LLP boosted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after purchasing an additional 18,682 shares in the last quarter. Virtu Financial LLC raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in 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 in the last quarter. NWI Management LP purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $3,566,000. Hoey Investments Inc. bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter valued at $43,000. Finally, Group One Trading LLC boosted its position in 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 in the last quarter.

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.