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 large decline in short interest in the month of January. As of January 30th, there was short interest totaling 91,477 shares, a decline of 73.8% from the January 15th total of 349,795 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 434,688 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 434,688 shares, the days-to-cover ratio is presently 0.2 days. Approximately 1.5% of the company’s shares are short sold.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in DFEN. Group One Trading LLC lifted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% in the 4th 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 period. Simplex Trading LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter worth $385,000. Verus Capital Partners LLC raised its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares 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 purchasing an additional 495 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after buying an additional 469 shares during the period. Finally, 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 valued at $1,021,000 after buying an additional 5,998 shares during the period.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Up 2.6%

Shares of NYSEARCA:DFEN traded up $2.06 on Friday, hitting $81.06. The company had a trading volume of 336,423 shares, compared to its average volume of 399,441. The firm’s 50-day simple moving average is $74.27 and its two-hundred day simple moving average is $67.08. The firm has a market capitalization of $494.47 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1 year low of $17.64 and a 1 year high of $93.50.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $5.5496 dividend. This represents a $22.20 annualized dividend and a yield of 27.4%. 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.

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.