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

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped down prior to trading on Tuesday . The stock had previously closed at $624.65, but opened at $539.39. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $540.48, with a volume of 725,987 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The stock has a market cap of $1.20 billion, a PE ratio of 9.42 and a beta of 4.43. The company’s 50-day moving average price is $820.69 and its two-hundred day moving average price is $512.18.

Shares of Direxion Daily MSCI South Korea Bull 3x Shares are set to split on Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly minted shares will be payable to shareholders after the closing bell on Tuesday, July 14th.

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

Hedge funds have recently added to or reduced their stakes in the company. Susquehanna International Group LLP boosted 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. Virtu Financial LLC raised its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the 3rd 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. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter worth approximately $1,893,000. NWI Management LP bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter worth approximately $3,566,000. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000.

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.