On May 12, Direxion Daily MSCI South Korea Bull 3x Shares fell 14.95% in pre-market trading, currently trading at $837.436/share, with trading volume of $13.68 million.
On the news front, the Korea Composite Index surged near 8,000 points — a historic high — before suffering a sharp intraday plunge of over 5% to 7,421.71 points, triggering a steep selloff in leveraged Korean equity products. The Korean benchmark has rallied over 80% year-to-date in USD terms, and concentrated profit-taking pressure drove the reversal.
BlackRock's iShares MSCI South Korea ETF, with nearly $23 billion in assets, recorded $970 million in net outflows last week — the largest single-week withdrawal on record. The triple-leveraged Direxion Daily MSCI South Korea Bull 3X ETF also saw $240 million in outflows during the same period, ending the sustained capital inflow momentum into this key Asian AI market. Meanwhile, short sentiment has intensified, with iShares MSCI South Korea ETF short interest rising to 14.81%, the highest level since February 19, according to S3 Partners data.
The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to the MSCI South Korea Index, which covers approximately 85% of the free float-adjusted market capitalization of South Korean issuers across large- and mid-cap segments.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
