Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) Stock Price Down 0.7% – Time to Sell?

Shares of Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) fell 0.7% during mid-day trading on Wednesday. The company traded as low as $44.58 and last traded at $45.60. 340,198 shares changed hands during mid-day trading, an increase of 18% from the average daily volume of 289,261 shares. The stock had previously closed at $45.94.

Direxion Daily Aerospace & Defense Bull 3X ETF Price Performance

The stock has a market capitalization of $285 million, a P/E ratio of 32.76 and a beta of 2.29. The firm’s 50 day moving average price is $57.61 and its 200 day moving average price is $67.09.

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

A hedge fund recently bought a new stake in Direxion Daily Aerospace & Defense Bull 3X ETF stock. NorthRock Partners LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 2,526 shares of the company’s stock, valued at approximately $202,000.

About Direxion Daily Aerospace & Defense Bull 3X ETF

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.