Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sees Large Growth in Short Interest

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the target of a large increase in short interest during the month of April. As of April 30th, there was short interest totaling 316,688 shares, an increase of 81.4% from the April 15th total of 174,566 shares. Approximately 5.3% of the company’s stock are sold short. Based on an average daily volume of 351,739 shares, the short-interest ratio is currently 0.9 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 4.5%

Direxion Daily Aerospace & Defense Bull 3X Shares stock opened at $61.97 on Tuesday. The stock has a market cap of $368.72 million, a P/E ratio of 32.76 and a beta of 2.20. The company has a fifty day simple moving average of $69.00 and a 200-day simple moving average of $71.86. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $37.55 and a 12-month high of $97.75.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. IMC Chicago LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $1,711,000. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth about $26,000. Walleye Capital LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter worth about $314,000. Simplex Trading LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter worth about $385,000. Finally, JPMorgan Chase & Co. grew its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 437.9% during the second quarter. JPMorgan Chase & Co. now owns 8,860 shares of the company’s stock worth $460,000 after buying an additional 7,213 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.