Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Up 87.7% in October

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 200,300 shares, a growth of 87.7% from the September 30th total of 106,700 shares. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 237,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 237,000 shares, the short-interest ratio is currently 0.8 days. Approximately 3.7% of the company’s shares are short sold.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

NYSEARCA:DFEN opened at $73.94 on Monday. The stock has a market capitalization of $395.58 million, a P/E ratio of 32.76 and a beta of 2.80. The company has a 50 day moving average price of $65.57 and a 200 day moving average price of $53.12. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $17.64 and a fifty-two week high of $79.38.

Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

Hedge funds have recently made changes to their positions in the stock. Headlands Technologies LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 1st quarter worth approximately $29,000. Farther Finance Advisors LLC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock valued at $31,000 after buying an additional 283 shares during the period. SBI Securities Co. Ltd. boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% in the 2nd quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock valued at $65,000 after buying an additional 407 shares during the period. Golden State Equity Partners purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter valued at approximately $202,000. Finally, Burney Co. purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 1st quarter valued at approximately $205,000.

About Direxion Daily Aerospace & Defense Bull 3X Shares

The Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) is an exchange-traded fund that is based on the DJ US Select \u002F Aerospace & Defense index. The fund provides 3x leveraged exposure to a market-cap- weighted index of US aerospace and defense companies. DFEN was launched on May 3, 2017 and is managed by Direxion.