Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) Trading Up 0.9% – Still a Buy?

Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN)’s stock price shot up 0.9% on Friday . The company traded as high as $57.52 and last traded at $56.08. Approximately 236,877 shares were traded during trading, a decline of 14% from the average session volume of 276,628 shares. The stock had previously closed at $55.56.

Direxion Daily Aerospace & Defense Bull 3X ETF Stock Performance

The stock’s fifty day simple moving average is $73.81 and its two-hundred day simple moving average is $72.88. The company has a market cap of $286.01 million, a price-to-earnings ratio of 32.76 and a beta of 2.24.

Institutional Investors Weigh In On Direxion Daily Aerospace & Defense Bull 3X ETF

A number of institutional investors have recently added to or reduced their stakes in DFEN. Simplex Trading LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X ETF in the 4th quarter valued at about $385,000. Qube Research & Technologies Ltd increased its position in Direxion Daily Aerospace & Defense Bull 3X ETF by 12,377.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock worth $498,000 after purchasing an additional 7,179 shares in the last quarter. TRUE Private Wealth Advisors raised its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 5.1% in the third quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock valued at $580,000 after buying an additional 406 shares during the period. JPMorgan Chase & Co. raised its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 67.7% in the third quarter. JPMorgan Chase & Co. now owns 14,858 shares of the company’s stock valued at $1,021,000 after buying an additional 5,998 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in Direxion Daily Aerospace & Defense Bull 3X ETF by 29.0% during the second quarter. Tower Research Capital LLC TRC now owns 43,910 shares of the company’s stock valued at $2,278,000 after buying an additional 9,883 shares in the last quarter.

About Direxion Daily Aerospace & Defense Bull 3X ETF

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.