(KORU) Direxion Daily South Korea - Ratings and Ratios

The Direxion Daily South Korea Bull 3X Shares (NYSE ARCA: KORU) is designed to provide 3X daily leveraged exposure to the large- and mid-cap segments of the South Korean equity market. The fund achieves this by investing at least 80% of its net assets in financial instruments such as swap agreements, securities of the index, and ETFs that track the index. The index it follows is designed to measure the performance of approximately 85% of the free float-adjusted market capitalization of South Korean issuers. This makes it a targeted tool for investors seeking amplified exposure to South Koreas equity market. The fund is non-diversified, meaning it can concentrate its holdings in a smaller number of securities, which may increase risk but also allows for more precise tracking of the underlying index.

From a technical standpoint, KORU has shown a recent price of $40.57 with a 20-day average volume of 226,735 shares. Its short-term SMA (20-day) stands at $44.41, while the medium-term SMA (50-day) is at $41.74, indicating recent price fluctuations below its averages. The long-term SMA (200-day) at $61.03 reflects a broader downtrend. The ATR of 1.90 suggests moderate volatility. Fundamentally, the fund manages assets of $101.42 million, indicating a stable investor base despite market conditions. Over the next three months, based on the current SMA trends and ATR, KORU is likely to experience continued volatility, with potential downside risk if the broader market trends remain bearish. However, any positive momentum in the underlying South Korean equities could amplify returns due to the funds 3X leverage.