Direxion Daily MSCI South Korea Bull 3x Shares Target of Unusually High Options Trading (NYSEARCA:KORU)

Direxion Daily MSCI South Korea Bull 3x Shares (NYSEARCA:KORU) was the recipient of some unusual options trading on Friday. Stock traders bought 7,675 put options on the company. This represents an increase of approximately 65% compared to the typical daily volume of 4,642 put options.

Direxion Daily MSCI South Korea Bull 3x Shares Stock Performance

NYSEARCA:KORU opened at $18.26 on Friday. The firm’s fifty day moving average is $39.34 and its 200-day moving average is $26.49. Direxion Daily MSCI South Korea Bull 3x Shares has a 52 week low of $3.72 and a 52 week high of $63.98. The firm has a market cap of $68.11 million, a P/E ratio of 9.42 and a beta of 4.43.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hoey Investments Inc. bought a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 1st quarter valued at about $43,000. Farther Finance Advisors LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares in the 4th quarter valued at approximately $34,000. Tucker Asset Management LLC purchased a new position in Direxion Daily MSCI South Korea Bull 3x Shares during the fourth quarter valued at approximately $47,000. Group One Trading LLC boosted its position in shares of Direxion Daily MSCI South Korea Bull 3x Shares by 263.9% during the 2nd quarter. Group One Trading LLC now owns 2,558 shares of the company’s stock valued at $207,000 after acquiring an additional 1,855 shares during the last quarter. Finally, Sovereign Financial Group Inc. boosted its stake 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 in the last quarter.

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.