Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares gapped down before the market opened on Tuesday . The stock had previously closed at $1,088.62, but opened at $710.53. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $782.04, with a volume of 909,841 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market capitalization of $2.21 billion, a P/E ratio of 9.42 and a beta of 4.38. The business’s 50 day simple moving average is $777.79 and its 200-day simple moving average is $475.07.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in KORU. Susquehanna International Group LLP boosted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% during the third quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock worth $5,541,000 after buying an additional 18,682 shares during the last quarter. Virtu Financial LLC increased its stake 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 acquiring an additional 20,986 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at approximately $1,893,000. Optiver Holding B.V. raised its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% in the 3rd quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock valued at $1,439,000 after acquiring an additional 10,942 shares during the period. Finally, NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the 1st quarter worth approximately $3,566,000.

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.