On May 12, Direxion Daily MSCI South Korea Bull 3x Shares declined 17.6% in regular trading, trading at approximately $821.62/share, with trading volume of $238 million.
On the news front, the Korea Composite Index (Kospi) plunged over 5% to 7421.71 points after surging near the 8000-point historical high earlier in the session, triggering a sharp selloff in leveraged Korean equity products.
BlackRock's nearly $23 billion iShares MSCI South Korea ETF recorded $970 million in net outflows last week, marking the largest single-week capital withdrawal on record. KORU also saw $240 million in outflows during the same period, ending the sustained strong capital inflow momentum into this Asian AI-core market year-to-date. According to S3 Partners data, short interest on the iShares MSCI South Korea ETF rose to 14.81%, the highest level since February 19. Notably, the Kospi has surged over 80% year-to-date in dollar terms, leading all major global indices, with profit-taking pressure having accumulated significantly.
The fund invests at least 80% of its net assets in financial instruments providing daily 3x leveraged exposure to the MSCI Korea 25/50 Index, which covers approximately 85% of the free float-adjusted market capitalization of South Korean issuers.
(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.)
