Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Large Volume Increase – Time to Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw unusually-strong trading volume on Wednesday . Approximately 513,399 shares traded hands during mid-day trading, a decline of 16% from the previous session’s volume of 611,400 shares.The stock last traded at $398.94 and had previously closed at $395.65.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market capitalization of $522.69 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. The firm has a fifty day moving average of $376.51 and a 200 day moving average of $223.99.

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

Several hedge funds have recently bought and sold shares of KORU. Optiver Holding B.V. lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after purchasing an additional 10,942 shares during the period. Sovereign Financial Group Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the third quarter worth $260,000. Susquehanna International Group LLP boosted its holdings in 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 worth $5,541,000 after buying an additional 18,682 shares in the last quarter. Virtu Financial LLC grew its position 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 valued at $2,972,000 after buying an additional 20,986 shares during the period. Finally, Group One Trading LLC grew its position 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 buying an additional 1,855 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.