Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Hits New 52-Week High – Still a Buy?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)’s stock price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $95.60 and last traded at $96.32, with a volume of 434841 shares trading hands. The stock had previously closed at $90.31.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 6.5%

The firm has a market capitalization of $555.89 million, a PE ratio of 32.76 and a beta of 2.80. The business’s fifty day moving average price is $80.93 and its 200 day moving average price is $69.79.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The company also recently announced 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. This represents a $22.20 dividend on an annualized basis and a yield of 24.4%. This is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 10th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in DFEN. Safe Harbor Fiduciary LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth $26,000. Group One Trading LLC lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% during the fourth quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock worth $1,064,000 after buying an additional 7,559 shares during the period. Simplex Trading LLC acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter worth about $385,000. Verus Capital Partners LLC grew its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 6.2% in the 4th quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock valued at $540,000 after buying an additional 495 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after acquiring an additional 469 shares during the last quarter.

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.