Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Shares Down 1.9% – Should You Sell?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) fell 1.9% on Monday . The company traded as low as $66.43 and last traded at $66.77. Approximately 140,524 shares traded hands during mid-day trading, a decline of 53% from the average session volume of 297,838 shares. The stock had previously closed at $68.05.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

The company has a 50-day moving average price of $72.24 and a 200-day moving average price of $74.85. The firm has a market capitalization of $337.19 million, a PE ratio of 32.76 and a beta of 2.23.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $385,000. Qube Research & Technologies Ltd boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 12,377.6% during the third quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock worth $498,000 after acquiring an additional 7,179 shares during the last quarter. TRUE Private Wealth Advisors boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% during the third quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock worth $580,000 after acquiring an additional 406 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 67.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 14,858 shares of the company’s stock worth $1,021,000 after acquiring an additional 5,998 shares during the period. Finally, Group One Trading LLC grew its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 1,597.6% in the 2nd quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock worth $556,000 after acquiring an additional 10,081 shares during the period.

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.