Sovereign Financial Group Inc. Acquires 1,610 Shares of Direxion Daily MSCI South Korea Bull 3x Shares $KORU

Sovereign Financial Group Inc. lifted its holdings in Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,068 shares of the company’s stock after buying an additional 1,610 shares during the period. Sovereign Financial Group Inc. owned about 0.32% of Direxion Daily MSCI South Korea Bull 3x Shares worth $739,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 2nd quarter valued at about $1,893,000. Group One Trading LLC increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the second quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock worth $207,000 after acquiring an additional 1,855 shares during the last quarter. Optiver Holding B.V. increased its stake in Direxion Daily MSCI South Korea Bull 3x Shares by 408.0% during the third quarter. Optiver Holding B.V. now owns 13,624 shares of the company’s stock worth $1,439,000 after acquiring an additional 10,942 shares during the last quarter. Virtu Financial LLC raised its position in Direxion Daily MSCI South Korea Bull 3x Shares by 292.8% during the third quarter. Virtu Financial LLC now owns 28,154 shares of the company’s stock valued at $2,972,000 after purchasing an additional 20,986 shares during the period. Finally, Susquehanna International Group LLP lifted its stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 55.3% in the 3rd quarter. Susquehanna International Group LLP now owns 52,480 shares of the company’s stock valued at $5,541,000 after purchasing an additional 18,682 shares during the last quarter.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

Shares of Direxion Daily MSCI South Korea Bull 3x Shares stock opened at $320.98 on Friday. The stock has a market cap of $426.90 million, a price-to-earnings ratio of 9.42 and a beta of 3.65. The stock has a 50 day moving average price of $383.88 and a 200-day moving average price of $228.99. Direxion Daily MSCI South Korea Bull 3x Shares has a one year low of $27.16 and a one year high of $665.40.

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.