Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sets New 1-Year High – What’s Next?

Shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) hit a new 52-week high during trading on Friday . The company traded as high as $92.91 and last traded at $92.4270, with a volume of 243730 shares changing hands. The stock had previously closed at $89.79.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 3.2%

The company has a market capitalization of $509.74 million, a P/E ratio of 32.76 and a beta of 2.80. The company’s 50 day moving average is $66.45 and its 200-day moving average is $63.46.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $5.5496 dividend. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $22.20 dividend on an annualized basis and a dividend yield of 24.0%. This is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05.

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

Institutional investors and hedge funds have recently modified their holdings of the stock. Wealth Enhancement Advisory Services LLC increased its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after purchasing an additional 469 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 67.7% during the third quarter. JPMorgan Chase & Co. now owns 14,858 shares of the company’s stock valued at $1,021,000 after acquiring an additional 5,998 shares in the last quarter. Qube Research & Technologies Ltd increased its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 12,377.6% during the third quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock valued at $498,000 after acquiring an additional 7,179 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% in the 3rd quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock worth $580,000 after acquiring an additional 406 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 48,503 shares of the company’s stock valued at $3,335,000 after acquiring an additional 4,593 shares in the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Company Profile

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.