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 significant growth in short interest in February. As of February 13th, there was short interest totaling 133,151 shares, a growth of 45.6% from the January 29th total of 91,477 shares. Based on an average daily trading volume, of 284,251 shares, the days-to-cover ratio is presently 0.5 days. Currently, 2.2% of the company’s stock are sold short. Currently, 2.2% of the company’s stock are sold short. Based on an average daily trading volume, of 284,251 shares, the days-to-cover ratio is presently 0.5 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Up 1.6%

NYSEARCA DFEN traded up $1.45 on Friday, reaching $90.31. The company had a trading volume of 183,932 shares, compared to its average volume of 382,023. The company’s fifty day moving average is $79.90 and its 200 day moving average is $69.18. Direxion Daily Aerospace & Defense Bull 3X Shares has a 52-week low of $17.64 and a 52-week high of $93.50. The stock has a market capitalization of $550.89 million, a P/E ratio of 32.76 and a beta of 2.80.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a dividend of $5.5496 per share. The ex-dividend date of this dividend was Wednesday, December 10th. This is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. This represents a $22.20 dividend on an annualized basis and a dividend yield of 24.6%.

Institutional Investors Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

Institutional investors have recently added to or reduced their stakes in the company. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at about $26,000. Group One Trading LLC grew 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 acquiring an additional 7,559 shares in the last quarter. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter valued at approximately $385,000. Verus Capital Partners LLC lifted its holdings 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 acquiring an additional 495 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position 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 during the last quarter.

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.