Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Stock Price Up 2.5% – Here’s What Happened

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)’s share price traded up 2.5% on Monday . The stock traded as high as $78.30 and last traded at $76.75. 98,076 shares were traded during mid-day trading, a decline of 69% from the average session volume of 313,154 shares. The stock had previously closed at $74.88.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

The business has a 50-day moving average of $68.28 and a 200-day moving average of $73.40. The stock has a market capitalization of $456.66 million, a price-to-earnings ratio of 32.76 and a beta of 2.23.

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

Large investors have recently modified their holdings of the company. Ascentis Independent Advisors grew its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 114.5% during the first quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock worth $553,000 after acquiring an additional 4,680 shares during the last quarter. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at $26,000. Group One Trading LLC boosted its stake in 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 period. Simplex Trading LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the 4th quarter worth $385,000. Finally, Verus Capital Partners LLC grew its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 6.2% during the 4th quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock worth $540,000 after purchasing an additional 495 shares during the last quarter.

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.