Short Interest in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Expands By 29.0%

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a large increase in short interest in the month of March. As of March 13th, there was short interest totaling 209,742 shares, an increase of 29.0% from the February 26th total of 162,575 shares. Based on an average daily volume of 459,253 shares, the short-interest ratio is currently 0.5 days. Approximately 3.4% of the shares of the company are short sold.

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

Several institutional investors have recently modified their holdings of the company. Golden State Equity Partners raised its stake 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 in the last quarter. Farther Finance Advisors LLC increased its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% in the third quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock valued at $31,000 after acquiring an additional 283 shares during the period. Safe Harbor Fiduciary LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter worth about $26,000. TRUE Private Wealth Advisors raised its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% in the third quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock worth $580,000 after purchasing an additional 406 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock worth $415,000 after purchasing an additional 469 shares during the period.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

Shares of NYSEARCA:DFEN traded down $3.58 on Friday, hitting $61.27. 218,465 shares of the company were exchanged, compared to its average volume of 369,314. The company’s 50 day moving average price is $81.23 and its two-hundred day moving average price is $72.05. The firm has a market capitalization of $373.75 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a one year low of $17.64 and a one year high of $97.75.

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.