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

by · The Cerbat Gem

Shares of Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $1,090.00, but opened at $1,179.21. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $1,170.20, with a volume of 175,619 shares.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Up 8.0%

The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 9.42 and a beta of 4.17. The business’s fifty day moving average is $577.24 and its two-hundred day moving average is $385.16.

Hedge Funds Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

Hedge funds have recently added to or reduced their stakes in the stock. Hoey Investments Inc. acquired a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the first quarter valued at about $43,000. Farther Finance Advisors LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter valued at about $34,000. Tucker Asset Management LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $47,000. Sovereign Financial Group Inc. increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% during the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock worth $739,000 after purchasing an additional 1,610 shares in the last quarter. Finally, Group One Trading LLC increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after purchasing an additional 1,855 shares in the last quarter.

Direxion Daily MSCI South Korea Bull 3x Shares Company Profile

(Get Free Report)

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.

See Also