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

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the target of some unusual options trading activity on Tuesday. Traders acquired 44,143 call options on the stock. This is an increase of approximately 617% compared to the typical volume of 6,160 call options.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

KORU stock opened at $21.73 on Wednesday. The firm has a market cap of $1.62 billion, a PE ratio of 9.42 and a beta of 4.43. The firm’s 50 day moving average price is $38.40 and its 200-day moving average price is $26.76. Direxion Daily MSCI South Korea Bull 3x Shares has a one year low of $3.72 and a one year high of $63.98.

Institutional Investors Weigh In On Direxion Daily MSCI South Korea Bull 3x Shares

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Farther Finance Advisors LLC acquired a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at $34,000. Hoey Investments Inc. purchased a new stake in 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 Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at about $47,000. Group One Trading LLC lifted its position in 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 valued at $207,000 after buying an additional 1,855 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $1,039,000.

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.