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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped up prior to trading on Monday . The stock had previously closed at $610.01, but opened at $726.29. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $725.00, with a volume of 924,012 shares changing hands.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 12.8%

The firm has a fifty day moving average of $648.96 and a two-hundred day moving average of $417.08. The company has a market capitalization of $1.98 billion, a PE ratio of 9.42 and a beta of 4.38.

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

A number of institutional investors have recently made changes to their positions in the stock. Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth $1,039,000. Optiver Holding B.V. raised its holdings in 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 buying an additional 10,942 shares during the last quarter. Sovereign Financial Group Inc. boosted its position in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after buying an additional 1,610 shares during the period. NWI Management LP bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth $3,566,000. Finally, Susquehanna International Group LLP grew its holdings in 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 worth $5,541,000 after acquiring an additional 18,682 shares during the last quarter.

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.