Direxion Daily MSCI South Korea Bull 3x Shares Target of Unusually Large Options Trading (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) saw unusually large options trading on Thursday. Stock traders bought 27,497 put options on the stock. This represents an increase of 81% compared to the average volume of 15,175 put options.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Up 6.2%

Shares of KORU traded up $1.25 during midday trading on Thursday, reaching $21.57. 24,757,156 shares of the stock were exchanged, compared to its average volume of 20,876,729. The company has a market capitalization of $1.80 billion, a P/E ratio of 9.42 and a beta of 4.51. Direxion Daily MSCI South Korea Bull 3x Shares has a 52 week low of $3.76 and a 52 week high of $63.98. The company’s 50 day moving average is $28.95 and its two-hundred day moving average is $27.31.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $34,000. Hoey Investments Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter valued at approximately $43,000. Tucker Asset Management LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at approximately $47,000. Group One Trading LLC raised its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after buying an additional 1,855 shares in the last quarter. Finally, Jane Street Group LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth $1,893,000.

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.