Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) Shares Gap Down – Should You Sell?
by Doug Wharley · The Cerbat GemDirexion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU – Get Free Report)’s stock price gapped down prior to trading on Wednesday . The stock had previously closed at $463.68, but opened at $442.31. Direxion Daily MSCI South Korea Bull 3x Shares shares last traded at $432.15, with a volume of 362,447 shares.
Direxion Daily MSCI South Korea Bull 3x Shares Price Performance
The firm has a market cap of $1.61 billion, a P/E ratio of 9.42 and a beta of 3.58. The firm has a fifty day simple moving average of $393.40 and a 200-day simple moving average of $258.02.
Institutional Trading of Direxion Daily MSCI South Korea Bull 3x Shares
Institutional investors and hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $34,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $47,000. Sovereign Financial Group Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the third quarter worth approximately $260,000. Group One Trading LLC raised its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the second 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 during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the fourth quarter worth approximately $1,039,000.
Direxion Daily MSCI South Korea Bull 3x Shares 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.