Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU – Get Free Report) traded down 8.3% during mid-day trading on Thursday. The stock traded as low as $10.80 and last traded at $10.95. Approximately 16,543,528 shares changed hands during mid-day trading, a decline of 25% from the average session volume of 21,980,889 shares. The stock had previously closed at $11.94.
Direxion Daily MSCI South Korea Bull 3X ETF Trading Down 14.7%
The firm has a market cap of $885.51 million, a price-to-earnings ratio of 9.42 and a beta of 4.59. The stock has a 50-day moving average of $19.56 and a 200-day moving average of $27.34.
Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3X ETF
Hedge funds and other institutional investors have recently modified their holdings of the company. Hoey Investments Inc. acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth about $43,000. Farther Finance Advisors LLC boosted its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,900.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,520 shares of the company’s stock valued at $30,000 after purchasing an additional 1,444 shares during the period. SBI Securities Co. Ltd. boosted its stake in Direxion Daily MSCI South Korea Bull 3X ETF by 1,696.2% during the 3rd quarter. SBI Securities Co. Ltd. now owns 4,203 shares of the company’s stock valued at $84,000 after purchasing an additional 3,969 shares during the period. Millennium Capital Advisors LLC bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 3rd quarter worth about $220,000. Finally, NWI Management LP bought a new position in Direxion Daily MSCI South Korea Bull 3X ETF in the 1st quarter worth about $3,566,000.
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.
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