Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Sees Unusually-High Trading Volume – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) shares saw strong trading volume on Wednesday . Approximately 1,435,638 shares were traded during trading, an increase of 65% from the previous session’s volume of 871,630 shares.The stock last traded at $509.00 and had previously closed at $544.83.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

The company has a market capitalization of $1.25 billion, a P/E ratio of 9.42 and a beta of 4.43. The firm has a 50 day moving average price of $821.06 and a two-hundred day moving average price of $515.03.

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

Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares

A number of large investors have recently bought and sold shares of KORU. Hoey Investments Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the first quarter worth $43,000. Farther Finance Advisors LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $34,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $47,000. Sovereign Financial Group Inc. grew its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares during the last quarter. Finally, Group One Trading LLC grew its holdings in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares during the last quarter.

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.