Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Down 62.8% in March
by Doug Wharley · The Cerbat GemDirexion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN – Get Free Report) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totaling 77,923 shares, a decrease of 62.8% from the March 15th total of 209,742 shares. Currently, 1.3% of the shares of the company are sold short. Based on an average trading volume of 236,123 shares, the short-interest ratio is currently 0.3 days.
Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares
Several institutional investors have recently modified their holdings of the company. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth about $26,000. Group One Trading LLC grew its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% during the fourth quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock worth $1,064,000 after acquiring an additional 7,559 shares during the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth about $385,000. Verus Capital Partners LLC grew its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 6.2% during the fourth quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock worth $540,000 after acquiring an additional 495 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock valued at $415,000 after buying an additional 469 shares in the last quarter.
Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance
Shares of Direxion Daily Aerospace & Defense Bull 3X Shares stock traded down $1.97 during trading on Friday, hitting $72.47. 217,708 shares of the stock were exchanged, compared to its average volume of 357,426. The stock’s fifty day moving average is $78.01 and its 200 day moving average is $72.45. The stock has a market cap of $431.20 million, a PE ratio of 32.76 and a beta of 2.39. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12 month low of $23.60 and a 12 month high of $97.75.
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.