Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN – Get Free Report) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 175,623 shares, a growth of 67.7% from the June 30th total of 104,704 shares. Currently, 3.5% of the shares of the company are sold short. Based on an average daily volume of 156,592 shares, the days-to-cover ratio is currently 1.1 days.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the company. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 4th quarter worth $26,000. Bank of America Corp DE lifted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% during the second quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock valued at $280,000 after purchasing an additional 205,390 shares during the last quarter. Simplex Trading LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter valued at about $385,000. Walleye Capital LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter worth about $314,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock worth $415,000 after purchasing an additional 469 shares during the period.
Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 2.2%
Direxion Daily Aerospace & Defense Bull 3X Shares stock opened at $75.39 on Friday. The business’s 50 day simple moving average is $74.11 and its 200 day simple moving average is $74.93. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12 month low of $53.10 and a 12 month high of $97.75. The company has a market cap of $384.49 million, a price-to-earnings ratio of 32.76 and a beta of 2.23.
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.
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