Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Stock Price Down 3% – Time to Sell?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN – Get Free Report)’s share price traded down 3% during trading on Monday . The stock traded as low as $66.01 and last traded at $66.88. 163,664 shares changed hands during trading, a decline of 50% from the average session volume of 326,498 shares. The stock had previously closed at $68.92.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 7.3%

The stock has a market cap of $384.31 million, a PE ratio of 32.76 and a beta of 2.23. The firm has a 50 day moving average price of $67.05 and a 200 day moving average price of $71.97.

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Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Safe Harbor Fiduciary LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at about $26,000. Bank of America Corp DE grew its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% in 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 position in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at about $385,000. Walleye Capital LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at about $314,000. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after purchasing an additional 469 shares during the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Company Profile

(Get Free Report)

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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