Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Stock Price Down 10.7% – Time to Sell?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) fell 10.7% during trading on Thursday . The stock traded as low as $83.00 and last traded at $83.10. 331,229 shares traded hands during trading, a decline of 17% from the average session volume of 398,751 shares. The stock had previously closed at $93.08.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

The business has a fifty day moving average of $82.13 and a two-hundred day moving average of $70.27. The firm has a market capitalization of $532.65 million, a price-to-earnings ratio of 32.76 and a beta of 2.80.

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 is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. This represents a $22.20 annualized dividend and a dividend yield of 25.4%. The ex-dividend date was Wednesday, December 10th.

Institutional Trading of Direxion Daily Aerospace & Defense Bull 3X Shares

A number of hedge funds have recently modified their holdings of the stock. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at about $26,000. Farther Finance Advisors LLC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% during the third quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock worth $31,000 after acquiring an additional 283 shares during the last quarter. SBI Securities Co. Ltd. boosted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% during the second quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock worth $65,000 after acquiring an additional 407 shares during the period. Blue Sky Capital Consultants Group Inc. bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth approximately $248,000. Finally, Golden State Equity Partners grew its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 4.7% in the third quarter. Golden State Equity Partners now owns 4,076 shares of the company’s stock valued at $280,000 after purchasing an additional 182 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.