Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Shares Sold by Verus Capital Partners LLC

Verus Capital Partners LLC cut its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,796 shares of the company’s stock after selling 997 shares during the quarter. Verus Capital Partners LLC owned about 0.14% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $242,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in DFEN. TRUE Private Wealth Advisors acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $229,000. Safe Harbor Fiduciary LLC acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $100,000. Virtu Financial LLC acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $299,000. JPMorgan Chase & Co. increased its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 34.7% during the third quarter. JPMorgan Chase & Co. now owns 3,988 shares of the company’s stock worth $142,000 after acquiring an additional 1,027 shares during the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 10.2% in the fourth quarter. Traynor Capital Management Inc. now owns 384,884 shares of the company’s stock valued at $10,588,000 after buying an additional 35,629 shares in the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

DFEN stock opened at $32.27 on Friday. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1 year low of $23.40 and a 1 year high of $40.74. The firm has a market cap of $182.33 million, a P/E ratio of 27.01 and a beta of 2.98. The stock has a 50-day simple moving average of $30.89 and a 200-day simple moving average of $33.21.

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.