TRUE Private Wealth Advisors Has $221,000 Stock Position in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)

TRUE Private Wealth Advisors raised its stake in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 25.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,042 shares of the company’s stock after purchasing an additional 1,625 shares during the period. TRUE Private Wealth Advisors’ holdings in Direxion Daily Aerospace & Defense Bull 3X Shares were worth $221,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Traynor Capital Management Inc. lifted 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 valued at $10,588,000 after acquiring an additional 35,629 shares in the last quarter. IMC Chicago LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at about $508,000. Virtu Financial LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 3rd quarter worth approximately $299,000. Finally, JPMorgan Chase & Co. increased its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 38.6% during the 4th quarter. JPMorgan Chase & Co. now owns 5,528 shares of the company’s stock worth $152,000 after purchasing an additional 1,540 shares during the last quarter.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Up 26.5 %

Shares of DFEN stock opened at $27.04 on Thursday. The company has a 50 day moving average of $30.37 and a 200-day moving average of $32.51. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $17.64 and a 12-month high of $40.74. The firm has a market cap of $148.72 million, a P/E ratio of 31.09 and a beta of 2.49.

Direxion Daily Aerospace & Defense Bull 3X Shares Cuts Dividend

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

Direxion Daily Aerospace & Defense Bull 3X Shares 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.