Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Trading Up 6.7% – Still a Buy?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) traded up 6.7% on Monday . The company traded as high as $34.07 and last traded at $33.92. 223,603 shares changed hands during mid-day trading, an increase of 3% from the average session volume of 216,591 shares. The stock had previously closed at $31.80.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 4.7 %

The company has a 50-day moving average of $31.74 and a 200-day moving average of $33.00. The firm has a market capitalization of $184.20 million, a price-to-earnings ratio of 30.17 and a beta of 2.94.

Direxion Daily Aerospace & Defense Bull 3X Shares Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Tuesday, March 25th will be issued a dividend of $0.0236 per share. The ex-dividend date of this dividend is Tuesday, March 25th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. GTS Securities LLC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 754.8% during the 4th quarter. GTS Securities LLC now owns 23,822 shares of the company’s stock valued at $655,000 after purchasing an additional 21,035 shares during the period. TRUE Private Wealth Advisors increased its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 25.3% in the 4th quarter. TRUE Private Wealth Advisors now owns 8,042 shares of the company’s stock worth $221,000 after acquiring an additional 1,625 shares during the period. JPMorgan Chase & Co. lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 38.6% in the 4th quarter. JPMorgan Chase & Co. now owns 5,528 shares of the company’s stock valued at $152,000 after purchasing an additional 1,540 shares during the last quarter. IMC Chicago LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the 4th quarter valued at about $508,000. Finally, Traynor Capital Management Inc. grew its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.2% in the 4th quarter. Traynor Capital Management Inc. now owns 384,884 shares of the company’s stock worth $10,588,000 after purchasing an additional 35,629 shares during the last quarter.

About Direxion Daily Aerospace & Defense Bull 3X Shares

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.