Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Up 132.0% in December

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) saw a significant growth in short interest in December. As of December 15th, there was short interest totaling 141,535 shares, a growth of 132.0% from the November 30th total of 61,000 shares. Approximately 2.5% of the company’s stock are short sold. Based on an average daily volume of 163,221 shares, the short-interest ratio is currently 0.9 days. Based on an average daily volume of 163,221 shares, the short-interest ratio is currently 0.9 days. Approximately 2.5% of the company’s stock are short sold.

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

A number of hedge funds have recently made changes to their positions in the stock. Farther Finance Advisors LLC grew its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% during the third quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock valued at $31,000 after purchasing an additional 283 shares in the last quarter. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% during the 2nd 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 in the last quarter. Golden State Equity Partners acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter worth $202,000. Next Capital Management LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter worth $208,000. Finally, Blue Sky Capital Consultants Group Inc. purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth $248,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

Shares of DFEN stock traded down $2.31 on Friday, reaching $67.12. 135,104 shares of the company’s stock traded hands, compared to its average volume of 219,922. The company has a market capitalization of $385.94 million, a P/E ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $17.64 and a 12-month high of $79.38. The business’s 50 day moving average price is $64.93 and its two-hundred day moving average price is $60.31.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were paid a dividend of $5.5496 per share. This is a boost from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $22.20 annualized dividend and a yield of 33.1%.

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.