Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Reaches New 1-Year High – Time to Buy?

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

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

The firm has a market cap of $501.92 million, a P/E ratio of 32.76 and a beta of 2.80. The stock’s 50 day moving average is $65.94 and its two-hundred day moving average is $63.08.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a dividend of $5.5496 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $22.20 annualized dividend and a yield of 23.9%. This is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Golden State Equity Partners increased its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 4.7% during the 3rd quarter. Golden State Equity Partners now owns 4,076 shares of the company’s stock valued at $280,000 after purchasing an additional 182 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% during the third quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock valued at $31,000 after purchasing an additional 283 shares during the last quarter. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares 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 purchasing an additional 406 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in 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 worth $65,000 after buying an additional 407 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after buying an additional 469 shares during the last quarter.

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.