Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sets New 12-Month High – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s share price reached a new 52-week high on Thursday . The company traded as high as $457.02 and last traded at $455.7670, with a volume of 82030 shares trading hands. The stock had previously closed at $435.80.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The firm’s 50-day simple moving average is $271.00 and its 200 day simple moving average is $173.98. The stock has a market capitalization of $602.11 million, a P/E ratio of 9.42 and a beta of 3.65.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the second quarter valued at $1,893,000. Group One Trading LLC lifted 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 valued at $207,000 after acquiring an additional 1,855 shares during the last quarter. Sovereign Financial Group Inc. bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 3rd quarter valued at about $260,000. Optiver Holding B.V. increased its stake 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 worth $1,439,000 after purchasing an additional 10,942 shares during the last quarter. Finally, 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 purchasing an additional 20,986 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.