Short Interest in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Rises By 22.1%

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 162,575 shares, a growth of 22.1% from the February 12th total of 133,151 shares. Approximately 2.7% of the company’s stock are short sold. Based on an average daily volume of 324,184 shares, the days-to-cover ratio is currently 0.5 days. Based on an average daily volume of 324,184 shares, the days-to-cover ratio is currently 0.5 days. Approximately 2.7% of the company’s stock are short sold.

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

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 48,503 shares of the company’s stock worth $3,335,000 after purchasing an additional 4,593 shares in the last quarter. IMC Chicago LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $1,711,000. Group One Trading LLC raised its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% during the 4th quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock worth $1,064,000 after purchasing an additional 7,559 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 67.7% during the third quarter. JPMorgan Chase & Co. now owns 14,858 shares of the company’s stock valued at $1,021,000 after acquiring an additional 5,998 shares during the last quarter. Finally, Verus Capital Partners LLC raised its stake 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 purchasing an additional 495 shares during the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

Direxion Daily Aerospace & Defense Bull 3X Shares stock opened at $77.47 on Wednesday. The stock has a market capitalization of $472.57 million, a price-to-earnings 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 $97.75. The business has a fifty day moving average price of $83.70 and a 200-day moving average price of $71.57.

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.