Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Update

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a significant growth in short interest during the month of April. As of April 30th, there was short interest totaling 316,688 shares, a growth of 81.4% from the April 15th total of 174,566 shares. Currently, 5.3% of the shares of the company are short sold. Based on an average trading volume of 351,739 shares, the short-interest ratio is presently 0.9 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 3.3%

Shares of DFEN stock opened at $59.93 on Wednesday. The firm has a 50 day moving average price of $68.45 and a two-hundred day moving average price of $71.75. The company has a market capitalization of $356.58 million, a PE ratio of 32.76 and a beta of 2.20. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $37.55 and a 12-month high of $97.75.

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

Several hedge funds have recently bought and sold shares of the stock. Tower Research Capital LLC TRC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.5% during the third quarter. Tower Research Capital LLC TRC now owns 48,503 shares of the company’s stock worth $3,335,000 after acquiring an additional 4,593 shares during the last quarter. IMC Chicago LLC acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth approximately $1,711,000. Group One Trading LLC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% during the fourth quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock worth $1,064,000 after acquiring an additional 7,559 shares during the last quarter. JPMorgan Chase & Co. lifted its position in 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 worth $1,021,000 after acquiring an additional 5,998 shares during the last quarter. Finally, Ascentis Independent Advisors lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 114.5% during the first quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock worth $553,000 after acquiring an additional 4,680 shares during 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.