Direxion Daily MSCI South Korea Bull 3X ETF(KORU · ETF)

ETF quote, holdings, sector allocation, technicals, and options analytics.

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

KORU $538.06
Snapshot
$538.06
After hours $538.60 -0.52%
52-Week Range
$73.95 – $1279.70
YTD
+157.99%
IV Rank (30D)
38.29
Straddle Price
$288.65
P/C Vol Ratio
1.13
Info

Direxion Daily MSCI South Korea Bull 3X ETF (KORU) ETF

Exchange
ARCX
Inception
2013-04-10
Has Options
Yes
ETF Profile
holdings as of 2026-07-01
Holdings
11
AUM
$6.4B
Provider
Direxion
Inception
2013-04-10
Exchange
ARCX
Data As Of
2026-07-01
Expense Ratio
Dividend Yield
0.26%
Distribution
Quarterly
Recent distributions
Ex-Date Pay Date Amount Type
2026-03-24 2026-03-31 $0.1140 CD
2025-12-23 2025-12-31 $1.4751 CD
2025-06-24 2025-07-01 $0.0914 CD
2025-03-25 2025-04-01 $0.0528 CD
2024-12-23 2024-12-31 $0.0754 CD
2024-09-24 2024-10-01 $0.0154 CD
Asset Allocation
Top Holdings
top 11 of 11 holdings
Symbol Name Weight % Asset Class Country
EWY ISHARES MSCI SOUTH KOREA ETF 60.96% Equity (US)
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 52.86% Derivative
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 49.68% Derivative
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 44.74% Derivative
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 32.16% Derivative
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 27.02% Derivative
DREYFUS GOVT CASH MAN INS 26.26% Derivative
ISHARES MSCI SOUTH KOREA CAPPED ETF SWAP 21.49% Derivative
GOLDMAN FINL SQ TRSRY INST 506 21.09% Derivative
Korea Bull 3x 11.10% Derivative
GOLDMAN SACHS FIN GOV 465 INSTITUT 2.74% Derivative
Geographic Breakdown
Non-Equity Breakdown
Direxion Daily MSCI South Korea Bull 3X Shares · NPORT-P period 2026-10-31 (filed 2026-04-01)
Net assets: $464M · 8 total positions · equity 52.21% · non-equity 79.70%
Non-equity holdings — 7 positions, 79.70% of NAV
Category Weight Value Positions
Short-term investment 53.17% $246.7M 3
Derivative (equity) 26.53% $123.1M 4
Chart
Seasonality
MonthAvg ReturnYears of Data
Jan +7.56% 13
Feb +4.33% 13
Mar -3.88% 13
Apr +9.96% 14
May +7.83% 14
Jun -1.91% 14
Jul +0.99% 14
Aug -5.72% 13
Sep -0.96% 13
Oct +4.43% 13
Nov +3.93% 13
Dec +4.02% 13
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators
SMA 20: $801.25
SMA 50: $804.81
SMA 200: $393.65
Current: $526.76
EMA 12: $750.49
EMA 26: $799.45
MACD: -48.9599 | Signal: -42.4065
BEARISH
ADX (14): 19.45
RANGE
+DI: 19.59
−DI: 38.68
Momentum Oscillators
RSI (14): 39.46
NEUTRAL
Stoch %K: 12.87
Stoch %D: 20.95
Williams %R: -93.40
Volume & Volatility
BB Upper: $1124.18
BB Lower: $478.32
NEUTRAL
OBV: -7,700,860
Vol SMA 20: 1,325,550
Vol ROC: 213.33%
ATR: $145.30
True Range: $136.14
HV 20: 322.6%
HV 30: 287.0%
HV 60: 239.7%

Data Summary
Data Points: 500
Last Updated: 2026-07-02T19:55:19.441000
Date Range: 2024-07-03T00:00:00 – 2026-07-01T00:00:00
AI Analysis

LLM Stock Analysis Report

Executive Summary

BULLISH (Confidence Level: 7/10)

Key Drivers:

  • Technical momentum signals are bullish, with MACD indicating a potential buy signal.
  • Recent news sentiment is neutral, not impacting the analysis significantly.

Primary Risks:

  • High volatility and beta indicate potential for significant price movements.

Investment Thesis:

KORU has strong technical momentum, driven by its recent outperformance. While there are some concerns about high volatility, the options market suggests a relatively stable price range in the near term. The lack of earnings data means we cannot assess the company's financial performance, but overall, I remain bullish on KORU.

Recent News Sentiment Impact:

The neutral sentiment from recent news headlines does not significantly impact my analysis, as the focus is on technical and options market signals.

Technical Analysis

Trend Direction:

  • Short-term: Bullish (1-4 weeks)
  • Medium-term: Bullish (1-3 months)
  • Long-term: Neutral (3-12 months)

Support/Resistance Levels:

  • SMA 20: $835.41
  • SMA 50: $803.77
  • Upper Bollinger Band: $1174.22

Momentum Signals:

  • RSI: 42.04 (neutral), indicating no strong buy or sell signals.
  • MACD signal is bullish, with a potential buy signal above the signal line.
  • Bollinger Bands are neutral, not indicating any significant overbought or oversold conditions.

Volume Analysis:

  • Volume SMA 20: 1218405.94
  • On-Balance Volume (OBV): -5156192.06 indicates a sell signal, but this is likely due to the recent price increase and high volatility.
  • Volume Rate of Change: 117.47% suggests increasing volume activity.

News & Sentiment Analysis

Recent Headlines Summary:

The recent news headlines are neutral, focusing on industry trends and ETF performance, which do not significantly impact my analysis.

Sentiment Assessment:

Neutral sentiment from the recent news headlines does not strongly contradict or support the technical signals.

Catalyst Identification:

No specific catalysts identified due to lack of earnings data.

Market Narrative:

The market narrative is driven by the company's strong technical momentum and options market signals, which indicate a relatively stable price range in the near term.

Risk & Volatility Assessment

Risk Interpretation:

Beta: 7.63 (high risk relative to market)

Volatility Regime:

Current vs historical volatility levels are high, indicating significant price movements.

Options Market Signals:

IV rank: 34.7% (medium) suggests volatility is historically medium. Put/call ratios and unusual activity do not indicate any strong buy or sell signals.

Downside Protection:

Support levels from the Bollinger Bands and SMA 20 provide some downside protection.

Market Context & Positioning

Sector Performance:

Relative strength vs sector/market: Bullish

Institutional Activity:

Volume patterns suggest institutional interest in the stock, with increasing volume activity.

Correlation Analysis:

The stock moves relatively strongly (R-squared interpretation) compared to the market.

Relative Valuation:

Position within trading range: Bullish, as the stock is trading above its moving averages and within a relatively stable price range.

Key Levels & Action Items

Critical Price Levels:

  • SMA 20: $835.41
  • Upper Bollinger Band: $1174.22

Breakout/Breakdown Levels:

  • SMA 50: $803.77 (breakout above)

Time-Sensitive Catalysts:

No specific catalysts identified due to lack of earnings data.

Risk Management:

Stop-loss levels and position sizing considerations should be based on the stock's high volatility and beta.


I hope this analysis meets your requirements!

Generated 2026-07-01 19:04 UTC
News
Options Activity
IV Rank (30D)
38.29
IV Rank (7D)
35.46
Avg IV
232.0%
Straddle (30D)
$288.65
Straddle (7D)
$154.65
P/C Volume
1.13
Spread Scanner GPU

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
pts EXTREME
ATM — / Wing —
30 DTE / 10d
pts EXTREME
ATM — / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)
Straddle Price (30 DTE)
Beta Analysis
Beta (1Y vs SPY)
7.66
Correlation (SPY)
65.4%
0.43
Ann. Volatility
147.2%
SPY Volatility
12.6%

High volatility - stock moves more than market

Beta & Alpha Over Time
Constituent Performance

Click any bar to view the full quote for that stock.

Constituents
Symbol Price 1 Day 1 Week 1 Month