Shares of Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN – Get Free Report) crossed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $52.18 and traded as high as $54.09. Direxion Daily Aerospace & Defense Bull 3X ETF shares last traded at $52.46, with a volume of 345,633 shares.
Direxion Daily Aerospace & Defense Bull 3X ETF Stock Up 2.2%
The firm has a fifty day moving average of $52.18 and a 200-day moving average of $69.62. The stock has a market capitalization of $325.25 million, a price-to-earnings ratio of 32.76 and a beta of 2.37.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the company. Traynor Capital Management Inc. boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X ETF by 0.4% in the 3rd quarter. Traynor Capital Management Inc. now owns 334,215 shares of the company’s stock worth $15,738,000 after buying an additional 1,310 shares in the last quarter. Ascentis Independent Advisors grew its stake in Direxion Daily Aerospace & Defense Bull 3X ETF by 114.5% in the 1st quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock valued at $553,000 after acquiring an additional 4,680 shares during the last quarter. NorthRock Partners LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X ETF during the 2nd quarter valued at about $202,000. Finally, SBI Securities Co. Ltd. increased its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 53.6% during the 3rd quarter. SBI Securities Co. Ltd. now owns 2,721 shares of the company’s stock valued at $128,000 after acquiring an additional 949 shares in the last quarter.
About Direxion Daily Aerospace & Defense Bull 3X ETF
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.
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