Direxion Daily MSCI South Korea Bull 3x Shares Shares Scheduled to Split on Wednesday, July 15th (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU)’s stock is set to split on Wednesday, July 15th. The 20-1 split was announced on Wednesday, June 10th. The newly created shares will be issued to shareholders after the market closes on Tuesday, July 14th.

Direxion Daily MSCI South Korea Bull 3x Shares Price Performance

NYSEARCA:KORU opened at $738.55 on Monday. The firm has a market cap of $2.13 billion, a price-to-earnings ratio of 9.42 and a beta of 4.38. The firm’s fifty day moving average price is $803.62 and its 200 day moving average price is $491.87. Direxion Daily MSCI South Korea Bull 3x Shares has a 1-year low of $73.95 and a 1-year high of $1,279.70.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Hoey Investments Inc. purchased a new stake in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at approximately $43,000. Farther Finance Advisors LLC purchased a new position in shares of Direxion Daily MSCI South Korea Bull 3x Shares during the 4th quarter worth approximately $34,000. Tucker Asset Management LLC acquired a new stake in shares of Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $47,000. Sovereign Financial Group Inc. lifted its holdings 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 buying an additional 1,610 shares during the period. Finally, Group One Trading LLC lifted its holdings 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 buying an additional 1,855 shares during the period.

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.