Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Up 87.7% in October

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the target of a significant increase in short interest in the month of October. As of October 15th, there was short interest totaling 200,300 shares, an increase of 87.7% from the September 30th total of 106,700 shares. Approximately 3.7% of the company’s shares are sold short. Based on an average daily volume of 237,000 shares, the short-interest ratio is currently 0.8 days. Based on an average daily volume of 237,000 shares, the short-interest ratio is currently 0.8 days. Approximately 3.7% of the company’s shares are sold short.

Institutional Investors Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

A number of hedge funds and other institutional investors have recently made changes to their positions in DFEN. Headlands Technologies LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the first quarter valued at $29,000. Farther Finance Advisors LLC boosted its holdings 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 last quarter. SBI Securities Co. Ltd. boosted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% in the second quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock valued at $65,000 after acquiring an additional 407 shares during the last quarter. Golden State Equity Partners acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at $202,000. Finally, Burney Co. acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the first quarter valued at $205,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Up 0.7%

Shares of NYSEARCA:DFEN opened at $73.94 on Friday. The company has a market cap of $425.16 million, a P/E 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 $79.38. The business has a fifty day simple moving average of $65.57 and a 200-day simple moving average of $52.76.

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.