Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Trading Down 0.2% – What’s Next?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) shares dropped 0.2% during trading on Friday . The company traded as low as $72.00 and last traded at $72.14. Approximately 222,860 shares were traded during mid-day trading, a decline of 20% from the average session volume of 277,589 shares. The stock had previously closed at $72.29.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

The company has a fifty day moving average of $78.32 and a two-hundred day moving average of $74.79. The company has a market cap of $367.91 million, a price-to-earnings ratio of 32.76 and a beta of 2.25.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Safe Harbor Fiduciary LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 4th quarter worth approximately $26,000. Bank of America Corp DE increased its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% in the 2nd quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock valued at $280,000 after acquiring an additional 205,390 shares during the period. Simplex Trading LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter valued at $385,000. Walleye Capital LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter valued at $314,000. Finally, Qube Research & Technologies Ltd lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 12,377.6% during the third quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock worth $498,000 after purchasing an additional 7,179 shares during the period.

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.