Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) Stock Short Interest Report for September

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) was the recipient of a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 14,846,148 shares, a decline of 43.4% from the September 15th total of 26,215,055 shares. Approximately 22.5% of the company’s shares are short sold. Based on an average trading volume of 18,827,004 shares, the short-interest ratio is currently 0.8 days.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Down 6.9%

Shares of NYSEARCA KORU traded down $0.89 on Thursday, reaching $12.04. 69,984,094 shares of the company traded hands, compared to its average volume of 21,518,854. The stock has a market capitalization of $828.02 million, a PE ratio of 9.42 and a beta of 4.59. Direxion Daily MSCI South Korea Bull 3X ETF has a fifty-two week low of $6.28 and a fifty-two week high of $63.98. The company has a 50 day moving average of $20.18 and a 200 day moving average of $27.42.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF

Hedge funds have recently made changes to their positions in the stock. NWI Management LP acquired a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter valued at $3,566,000. Hoey Investments Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3X ETF during the first quarter valued at about $43,000. Finally, Farther Finance Advisors LLC grew its position in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after acquiring an additional 1,444 shares during the period.

About Direxion Daily MSCI South Korea Bull 3X ETF

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.