Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Down 30.8% in December

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the target of a large decline in short interest in December. As of December 31st, there was short interest totaling 97,876 shares, a decline of 30.8% from the December 15th total of 141,535 shares. Currently, 1.8% of the company’s stock are short sold. Based on an average daily trading volume, of 161,568 shares, the days-to-cover ratio is presently 0.6 days. Based on an average daily trading volume, of 161,568 shares, the days-to-cover ratio is presently 0.6 days. Currently, 1.8% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DFEN. Bank of America Corp DE boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% during the second quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock worth $280,000 after purchasing an additional 205,390 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth $1,711,000. Group One Trading LLC boosted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 1,597.6% during the 2nd quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock worth $556,000 after buying an additional 10,081 shares during the period. Tower Research Capital LLC TRC grew its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 29.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 43,910 shares of the company’s stock valued at $2,278,000 after buying an additional 9,883 shares during the last quarter. Finally, Simplex Trading LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter worth $398,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 3.2%

NYSEARCA DFEN traded up $2.89 during trading on Monday, reaching $92.68. The company’s stock had a trading volume of 394,003 shares, compared to its average volume of 471,648. The stock has a market capitalization of $509.74 million, a PE ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1-year low of $17.64 and a 1-year high of $93.50. The business has a 50-day moving average price of $66.45 and a 200-day moving average price of $63.57.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a dividend of $5.5496 per share. This represents a $22.20 annualized dividend and a yield of 24.0%. 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.

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.