Stock Traders Buy Large Volume of Put Options on Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of some unusual options trading activity on Friday. Investors purchased 7,675 put options on the stock. This is an increase of approximately 65% compared to the average volume of 4,642 put options.

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

Several large investors have recently added to or reduced their stakes in KORU. Jane Street Group LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at about $1,893,000. Virtu Financial LLC lifted its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock worth $2,972,000 after acquiring an additional 20,986 shares during the period. Susquehanna International Group LLP boosted its position in shares of 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 acquiring an additional 18,682 shares during the last quarter. NWI Management LP acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter worth approximately $3,566,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $1,039,000.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

KORU stock traded up $1.25 during midday trading on Friday, hitting $19.90. The stock had a trading volume of 29,932,193 shares, compared to its average volume of 18,478,287. The firm has a market cap of $55.32 million, a PE ratio of 9.42 and a beta of 4.43. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $3.72 and a 12-month high of $63.98. The company’s 50-day moving average price is $39.92 and its 200 day moving average price is $26.55.

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.