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

Direxion Daily MSCI South Korea Bull 3X ETF (NYSEARCA:KORU) saw a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 28,861,983 shares, an increase of 94.4% from the September 30th total of 14,846,148 shares. Approximately 25.5% of the company’s shares are sold short. Based on an average daily volume of 29,721,152 shares, the short-interest ratio is presently 1.0 days.

Direxion Daily MSCI South Korea Bull 3X ETF Stock Down 16.5%

Shares of NYSEARCA KORU opened at $10.63 on Friday. The company’s fifty day moving average is $18.23 and its 200-day moving average is $24.25. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 9.42 and a beta of 4.59. Direxion Daily MSCI South Korea Bull 3X ETF has a twelve month low of $6.28 and a twelve month high of $63.98.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capstone Capital Management Ltd bought a new stake in shares of Direxion Daily MSCI South Korea Bull 3X ETF in the third quarter worth about $2,579,000. Farther Finance Advisors LLC raised its position in shares of 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 worth $30,000 after purchasing an additional 1,444 shares during the period. Hoey Investments Inc. raised its position in shares of Direxion Daily MSCI South Korea Bull 3X ETF by 2,271.4% during the third quarter. Hoey Investments Inc. now owns 4,150 shares of the company’s stock worth $83,000 after purchasing an additional 3,975 shares during the period. SBI Securities Co. Ltd. lifted its holdings in shares of 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 in the last quarter. Finally, Millennium Capital Advisors LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3X ETF during the 3rd quarter valued at about $220,000.

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.