Verus Capital Partners LLC Lowers Stock Position in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)

Verus Capital Partners LLC cut its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 27.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 9,793 shares of the company’s stock after selling 3,679 shares during the quarter. Verus Capital Partners LLC owned approximately 0.16% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $349,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Edge Financial Advisors LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth $223,000. Renaissance Technologies LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at about $413,000. Finally, Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 1.8% in the second quarter. Traynor Capital Management Inc. now owns 348,257 shares of the company’s stock worth $8,995,000 after acquiring an additional 6,256 shares during the period.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

DFEN stock opened at $39.28 on Thursday. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1-year low of $18.79 and a 1-year high of $40.74. The business has a 50 day simple moving average of $35.04 and a two-hundred day simple moving average of $30.84. The company has a market capitalization of $245.50 million, a price-to-earnings ratio of 32.99 and a beta of 1.84.

Direxion Daily Aerospace & Defense Bull 3X Shares 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.