Short Interest in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Expands By 67.7%

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 175,623 shares, an increase of 67.7% from the June 30th total of 104,704 shares. Approximately 3.5% of the company’s shares are short sold. Based on an average daily volume of 156,592 shares, the days-to-cover ratio is currently 1.1 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 2.2%

Shares of NYSEARCA:DFEN traded up $1.63 during trading on Friday, hitting $75.39. 130,312 shares of the company’s stock were exchanged, compared to its average volume of 291,061. The firm has a 50-day moving average price of $73.92 and a two-hundred day moving average price of $74.93. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1-year low of $53.10 and a 1-year high of $97.75. The firm has a market cap of $384.49 million, a P/E ratio of 32.76 and a beta of 2.23.

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

Large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in shares of 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 valued at $1,021,000 after buying an additional 5,998 shares in the last quarter. TRUE Private Wealth Advisors lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% in the 3rd quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock valued at $580,000 after acquiring an additional 406 shares in the last quarter. Group One Trading LLC boosted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 1,597.6% during the second quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock worth $556,000 after purchasing an additional 10,081 shares during the last quarter. Qube Research & Technologies Ltd boosted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 12,377.6% during the 3rd quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock worth $498,000 after buying an additional 7,179 shares during the last quarter. Finally, Simplex Trading LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $385,000.

About Direxion Daily Aerospace & Defense Bull 3X Shares

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.