Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Price Down 3.8% – Here’s What Happened

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU)’s share price traded down 3.8% during trading on Wednesday. The stock traded as low as $20.27 and last traded at $20.6530. Approximately 6,254,381 shares changed hands during mid-day trading, a decline of 70% from the average daily volume of 21,014,809 shares. The stock had previously closed at $21.47.

Direxion Daily MSCI South Korea Bull 3X ETF Price Performance

The stock has a market capitalization of $1.30 billion, a P/E ratio of 9.42 and a beta of 4.58. The stock’s fifty day moving average is $19.82 and its two-hundred day moving average is $27.31.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

An institutional investor recently bought a new stake in Direxion Daily MSCI South Korea Bull 3X ETF stock. NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 12,552 shares of the company’s stock, valued at approximately $3,566,000. NWI Management LP owned 0.44% of Direxion Daily MSCI South Korea Bull 3X ETF as of its most recent filing with the SEC.

Direxion Daily MSCI South Korea Bull 3X ETF 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.