Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Down 30.8% in December

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) saw a large drop in short interest during the month of December. As of December 31st, there was short interest totaling 97,876 shares, a drop of 30.8% from the December 15th total of 141,535 shares. Approximately 1.8% of the shares of the company are sold short. Based on an average daily trading volume, of 161,568 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 161,568 shares, the days-to-cover ratio is presently 0.6 days. Approximately 1.8% of the shares of the company are sold short.

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

Shares of DFEN traded up $2.89 during trading hours on Friday, hitting $92.68. 394,003 shares of the company were exchanged, compared to its average volume of 471,648. The firm’s fifty day moving average is $66.45 and its 200 day moving average is $63.36. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $17.64 and a fifty-two week high of $93.50. The company has a market cap of $509.74 million, a price-to-earnings ratio of 32.76 and a beta of 2.80.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

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

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC raised its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% in the third 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. increased its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock valued at $65,000 after purchasing an additional 407 shares during the last quarter. Blue Sky Capital Consultants Group Inc. bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 3rd quarter valued at $248,000. Golden State Equity Partners purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at about $202,000. Finally, Next Capital Management LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at $208,000.

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.