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

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) saw a large growth in short interest in March. As of March 13th, there was short interest totaling 209,742 shares, a growth of 29.0% from the February 26th total of 162,575 shares. Currently, 3.4% of the shares of the stock are short sold. Based on an average daily volume of 459,253 shares, the short-interest ratio is currently 0.5 days.

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

A number of institutional investors and hedge funds have recently bought and sold shares of DFEN. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 48,503 shares of the company’s stock worth $3,335,000 after purchasing an additional 4,593 shares in the last quarter. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter valued at approximately $1,711,000. Group One Trading LLC increased its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% in the fourth quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock valued at $1,064,000 after purchasing an additional 7,559 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 67.7% during the third quarter. JPMorgan Chase & Co. now owns 14,858 shares of the company’s stock worth $1,021,000 after buying an additional 5,998 shares in the last quarter. Finally, Verus Capital Partners LLC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 6.2% during the fourth quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock worth $540,000 after buying an additional 495 shares in the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 4.3%

DFEN traded up $2.45 on Tuesday, hitting $59.20. 28,407 shares of the company’s stock were exchanged, compared to its average volume of 362,403. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $17.64 and a fifty-two week high of $97.75. The stock has a market cap of $361.12 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. The firm has a 50-day moving average price of $80.51 and a 200-day moving average price of $72.12.

Direxion Daily Aerospace & Defense Bull 3X Shares Company 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.