Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sees Large Growth in Short Interest

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the target of a significant increase in short interest during the month of February. As of February 27th, there was short interest totaling 162,575 shares, an increase of 22.1% from the February 12th total of 133,151 shares. Based on an average daily volume of 324,184 shares, the days-to-cover ratio is currently 0.5 days. Currently, 2.7% of the shares of the stock are sold short. Currently, 2.7% of the shares of the stock are sold short. Based on an average daily volume of 324,184 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

A number of large investors have recently modified their holdings of DFEN. TRUE Private Wealth Advisors boosted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 16.3% in the 2nd quarter. TRUE Private Wealth Advisors now owns 8,028 shares of the company’s stock valued at $416,000 after purchasing an additional 1,128 shares in the last quarter. IMC Chicago LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 3rd quarter worth $1,711,000. Wealth Enhancement Advisory Services LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth $436,000. Farther Finance Advisors LLC boosted 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 valued at $31,000 after buying an additional 283 shares during the period. Finally, Blue Sky Capital Consultants Group Inc. purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter valued at about $248,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 1.0%

Shares of NYSEARCA DFEN traded down $0.76 during mid-day trading on Tuesday, reaching $76.71. 190,094 shares of the company were exchanged, compared to its average volume of 390,073. The stock has a market capitalization of $467.93 million, a PE ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a 52 week low of $17.64 and a 52 week high of $97.75. The company’s 50 day moving average price is $83.72 and its 200 day moving average price is $71.44.

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.