Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Update

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the target of a significant increase in short interest in February. As of February 13th, there was short interest totaling 133,151 shares, an increase of 45.6% from the January 29th total of 91,477 shares. Approximately 2.2% of the company’s stock are short sold. Based on an average trading volume of 284,251 shares, the short-interest ratio is currently 0.5 days. Based on an average trading volume of 284,251 shares, the short-interest ratio is currently 0.5 days. Approximately 2.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. Safe Harbor Fiduciary LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth about $26,000. Farther Finance Advisors LLC boosted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% during the 3rd 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. SBI Securities Co. Ltd. boosted its stake 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 valued at $65,000 after purchasing an additional 407 shares during the last quarter. Next Capital Management LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter worth approximately $208,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth approximately $248,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

Shares of NYSEARCA DFEN traded up $1.45 during midday trading on Friday, hitting $90.31. 183,932 shares of the stock traded hands, compared to its average volume of 382,023. The company has a market cap of $550.89 million, a PE ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a one year low of $17.64 and a one year high of $93.50. The business has a 50 day moving average price of $79.90 and a two-hundred day moving average price of $69.18.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a dividend of $5.5496 per share. This is a boost from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 10th. This represents a $22.20 dividend on an annualized basis and a yield of 24.6%.

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.