Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Trading Up 7.3% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 7.3% during mid-day trading on Friday . The company traded as high as $22.28 and last traded at $22.2020. 9,217,772 shares traded hands during mid-day trading, a decline of 56% from the average session volume of 21,050,846 shares. The stock had previously closed at $20.69.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 8.9%

The firm has a market capitalization of $1.88 billion, a PE ratio of 9.42 and a beta of 4.58. The stock’s fifty day simple moving average is $21.76 and its 200 day simple moving average is $27.56.

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

A number of hedge funds have recently modified their holdings of the business. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth $43,000. Farther Finance Advisors LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at $34,000. Tucker Asset Management LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at about $47,000. Group One Trading LLC grew its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the period. Finally, NWI Management LP purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth about $3,566,000.

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.