Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sees Large Growth in Short Interest

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totaling 349,795 shares, an increase of 257.4% from the December 31st total of 97,876 shares. Approximately 5.8% of the company’s stock are sold short. Based on an average daily volume of 479,595 shares, the days-to-cover ratio is presently 0.7 days. Based on an average daily volume of 479,595 shares, the days-to-cover ratio is presently 0.7 days. Approximately 5.8% of the company’s stock are sold short.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DFEN. Golden State Equity Partners increased its position 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 worth $280,000 after buying an additional 182 shares during the period. Farther Finance Advisors LLC raised its position in 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 in the last quarter. TRUE Private Wealth Advisors raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% during the 3rd quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock worth $580,000 after buying an additional 406 shares in the last quarter. SBI Securities Co. Ltd. lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% in the second quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock worth $65,000 after acquiring an additional 407 shares during 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 fourth 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 in the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

DFEN traded down $0.37 during trading on Friday, reaching $79.47. 241,247 shares of the stock were exchanged, compared to its average volume of 457,041. The stock’s 50 day moving average price is $70.61 and its two-hundred day moving average price is $65.62. The stock has a market cap of $480.79 million, a P/E ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a twelve month low of $17.64 and a twelve month high of $93.50.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The firm also recently announced 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. This represents a $22.20 dividend on an annualized basis and a dividend yield of 27.9%. The ex-dividend date of this dividend was Wednesday, December 10th. This is a boost from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05.

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.