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

Shares of Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) gapped up before the market opened on Monday. The stock had previously closed at $10.64, but opened at $12.48. Direxion Daily MSCI South Korea Bull 3X ETF shares last traded at $12.1550, with a volume of 17,668,005 shares trading hands.

Direxion Daily MSCI South Korea Bull 3X ETF Trading Up 14.2%

The firm has a market capitalization of $994.97 million, a PE ratio of 9.42 and a beta of 4.59. The business’s 50 day simple moving average is $19.95 and its 200 day simple moving average is $27.40.

Institutional Trading of Direxion Daily MSCI South Korea Bull 3X ETF

Hedge funds have recently made changes to their positions in the business. Millennium Capital Advisors LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter valued at about $220,000. Farther Finance Advisors LLC grew its position in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% in the third quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock worth $30,000 after acquiring an additional 1,444 shares in the last quarter. NWI Management LP purchased a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter worth about $3,566,000. Finally, Hoey Investments Inc. purchased a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the first quarter worth about $43,000.

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.