Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $983.09, but opened at $816.00. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $850.60, with a volume of 364,543 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The firm has a market capitalization of $2.11 billion, a PE ratio of 9.42 and a beta of 4.17. The company’s 50 day simple moving average is $449.47 and its 200-day simple moving average is $316.63.

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

A number of institutional investors and hedge funds have recently made changes to their positions in KORU. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter valued at $1,893,000. Virtu Financial LLC raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the 3rd quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after acquiring an additional 20,986 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after acquiring an additional 18,682 shares in the last quarter. Optiver Holding B.V. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $1,039,000.

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.