Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Up 9.6% – Should You Buy?

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares traded up 9.6% on Wednesday . The company traded as high as $761.48 and last traded at $755.81. 591,164 shares traded hands during mid-day trading, a decline of 25% from the average session volume of 785,708 shares. The stock had previously closed at $689.85.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 7.9%

The stock has a market capitalization of $2.14 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The business has a 50-day simple moving average of $489.46 and a two-hundred day simple moving average of $343.17.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KORU. 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 increased its holdings in shares of 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 buying an additional 1,855 shares in the last quarter. Optiver Holding B.V. increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the third 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 in the last quarter. Virtu Financial LLC increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% in the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after buying an additional 20,986 shares in the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after buying an additional 18,682 shares in 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.