Simplex Trading LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN – Free Report) during the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 7,678 shares of the company’s stock, valued at approximately $398,000.
Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Headlands Technologies LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the first quarter valued at approximately $29,000. Golden State Equity Partners bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at approximately $202,000. Burney Co. purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 1st quarter valued at $205,000. Next Capital Management LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at $208,000. Finally, Virtu Financial LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the first quarter worth $920,000.
Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 1.6%
NYSEARCA DFEN opened at $67.38 on Thursday. Direxion Daily Aerospace & Defense Bull 3X Shares has a 52 week low of $17.64 and a 52 week high of $79.38. The firm has a market capitalization of $387.44 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. The company has a fifty day moving average of $67.12 and a two-hundred day moving average of $55.26.
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.
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