Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Short Interest Update

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totaling 504,425 shares, an increase of 291.2% from the May 31st total of 128,952 shares. Based on an average daily volume of 1,210,119 shares, the short-interest ratio is presently 0.4 days. Approximately 17.5% of the company’s stock are sold short.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

Shares of KORU stock traded down $90.54 on Friday, reaching $738.55. 909,768 shares of the company were exchanged, compared to its average volume of 842,747. The company has a market cap of $2.13 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38. The company has a 50-day moving average of $803.62 and a 200-day moving average of $489.57. Direxion Daily MSCI South Korea Bull 3x Shares has a one year low of $73.95 and a one year high of $1,279.70.

Shares of Direxion Daily MSCI South Korea Bull 3x Shares are scheduled to split on the morning of Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly issued shares will be issued to shareholders after the market closes on Tuesday, July 14th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in KORU. Wealth Enhancement Advisory Services LLC acquired a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter valued at approximately $1,039,000. Sovereign Financial Group Inc. raised its position in shares of 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 purchasing an additional 1,610 shares during the period. Virtu Financial LLC raised its position in shares of 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 worth $2,972,000 after purchasing an additional 20,986 shares during the period. Susquehanna International Group LLP lifted 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 worth $5,541,000 after purchasing an additional 18,682 shares in the last quarter. Finally, Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth $1,893,000.

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.