Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Up – What’s Next?

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) gapped up prior to trading on Tuesday . The stock had previously closed at $15.87, but opened at $17.71. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $18.44, with a volume of 17,978,893 shares traded.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

The stock has a market capitalization of $1.44 billion, a PE ratio of 9.42 and a beta of 4.43. The company has a 50 day moving average price of $34.29 and a 200-day moving average price of $27.10.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in Direxion Daily MSCI South Korea Bull 3x Shares during the second quarter worth about $1,893,000. Group One Trading LLC increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares in the last quarter. Virtu Financial LLC increased its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third 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 in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of 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 valued at $5,541,000 after purchasing an additional 18,682 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at 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.