Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped up prior to trading on Monday . The stock had previously closed at $1,090.00, but opened at $1,179.21. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $1,170.20, with a volume of 175,619 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 8.0%

The company has a market capitalization of $3.39 billion, a P/E ratio of 9.42 and a beta of 4.17. The business has a fifty day moving average price of $577.24 and a 200 day moving average price of $385.16.

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth about $1,039,000. Optiver Holding B.V. raised its holdings in 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 acquiring an additional 10,942 shares during the period. Sovereign Financial Group Inc. lifted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the fourth quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after acquiring an additional 1,610 shares during the last quarter. NWI Management LP acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth approximately $3,566,000. Finally, Susquehanna International Group LLP boosted its holdings 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 worth $5,541,000 after acquiring an additional 18,682 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.