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

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) saw a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 175,623 shares, an increase of 67.7% from the June 30th total of 104,704 shares. Based on an average daily volume of 156,592 shares, the short-interest ratio is presently 1.1 days. Approximately 3.5% of the shares of the company are short sold.

Institutional Trading of Direxion Daily Aerospace & Defense Bull 3X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of DFEN. Safe Harbor Fiduciary LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter valued at about $26,000. Bank of America Corp DE lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% during the second quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock valued at $280,000 after acquiring an additional 205,390 shares during the period. Walleye Capital LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at about $314,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter worth approximately $385,000. Finally, Wealth Enhancement Advisory Services LLC boosted its stake 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 worth $415,000 after purchasing an additional 469 shares in the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 2.2%

DFEN traded up $1.63 during trading on Friday, hitting $75.39. The stock had a trading volume of 130,312 shares, compared to its average volume of 291,061. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12 month low of $53.10 and a 12 month high of $97.75. The company has a 50 day simple moving average of $73.92 and a 200-day simple moving average of $74.93. The firm has a market cap of $384.49 million, a PE ratio of 32.76 and a beta of 2.23.

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.