Stock Traders Purchase Large Volume of Put Options on Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of unusually large options trading activity on Friday. Stock investors acquired 7,675 put options on the stock. This represents an increase of approximately 65% compared to the average daily volume of 4,642 put options.

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

Several large investors have recently bought and sold shares of KORU. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter worth about $34,000. Hoey Investments Inc. purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at about $43,000. Tucker Asset Management LLC purchased a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% in the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after purchasing an additional 1,855 shares during the period. Finally, Sovereign Financial Group Inc. boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 65.5% in the 4th quarter. Sovereign Financial Group Inc. now owns 4,068 shares of the company’s stock valued at $739,000 after purchasing an additional 1,610 shares during the period.

Direxion Daily MSCI South Korea Bull 3x Shares Trading Down 2.1%

Shares of Direxion Daily MSCI South Korea Bull 3x Shares stock opened at $18.26 on Friday. The company has a fifty day simple moving average of $39.34 and a 200-day simple moving average of $26.49. The stock has a market cap of $68.11 million, a price-to-earnings ratio of 9.42 and a beta of 4.43. Direxion Daily MSCI South Korea Bull 3x Shares has a 12-month low of $3.72 and a 12-month high of $63.98.

About Direxion Daily MSCI South Korea Bull 3x Shares

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.