Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) Stock Short Interest Jumps 74.7%

Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 217,750 shares, an increase of 74.7% from the August 31st total of 124,652 shares. Based on an average daily trading volume, of 281,530 shares, the days-to-cover ratio is currently 0.8 days. Currently, 3.8% of the company’s shares are sold short.

Direxion Daily Aerospace & Defense Bull 3X ETF Stock Up 1.0%

Direxion Daily Aerospace & Defense Bull 3X ETF stock opened at $47.54 on Friday. The firm has a fifty day moving average of $67.56 and a 200-day moving average of $69.26. Direxion Daily Aerospace & Defense Bull 3X ETF has a 52-week low of $46.50 and a 52-week high of $97.75. The firm has a market capitalization of $280.49 million, a P/E ratio of 32.76 and a beta of 2.30.

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

Large investors have recently added to or reduced their stakes in the stock. NorthRock Partners LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X ETF in the second quarter valued at about $202,000. Verus Capital Partners LLC boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X ETF by 6.2% in 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 during the period. Finally, Ascentis Independent Advisors boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X ETF by 114.5% in the first quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock worth $553,000 after buying an additional 4,680 shares during the period.

Direxion Daily Aerospace & Defense Bull 3X ETF 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.