KORU

Direxion Daily South Korea Bull 3X Shares

$160.99
+0.00%
Market closed. Last update: 10:58 PM ET

📎 Investment Objective

The Direxion Daily South Korea Bull 3X Shares (KORU) seeks to provide 300% of the daily investment results of the MSCI South Korea 25/50 Index, which tracks the performance of large- and mid-cap South Korean equities.

Overview

ETF tracking Direxion Daily South Korea Bull 3X Shares

Category Leveraged
Issuer Other
Inception Date 2013-04-10
Market Cap $190.0M
Average Volume N/A
Dividend Yield 0.14%
52-Week Range $28.09 - $201.82
VWAP $159.09

Performance

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Investment Summary

📎 Investment Objective

The Direxion Daily South Korea Bull 3X Shares (KORU) seeks to provide 300% of the daily investment results of the MSCI South Korea 25/50 Index, which tracks the performance of large- and mid-cap South Korean equities.

🎯 Investment Strategy

KORU uses a combination of financial instruments, such as futures contracts and swaps, to provide the targeted 3x leveraged exposure to the underlying index. The fund rebalances its portfolio daily to maintain the desired leverage ratio.

✨ Key Features

  • Provides 300% daily leveraged exposure to the South Korean equity market
  • Designed for short-term trading and not suitable for long-term buy-and-hold investors
  • Highly volatile and speculative in nature due to the use of leverage
  • Tracks the MSCI South Korea 25/50 Index, a broad index of large- and mid-cap South Korean stocks

⚠️ Primary Risks

  • Significant risk of loss due to the use of leverage, which can magnify both gains and losses
  • Potential for large and sudden losses, especially in volatile or declining markets
  • Tracking error risk, as the fund's performance may not precisely match the 3x daily return of the underlying index
  • Concentration risk, as the fund is focused solely on the South Korean equity market

👤 Best For

KORU is a highly speculative and volatile investment product that is suitable only for experienced, risk-tolerant traders who understand the risks of leveraged ETFs and are willing to actively monitor and manage their positions on a daily basis. It is not recommended for long-term, buy-and-hold investors.