Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Down 30.8% in December

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a large decline in short interest in December. As of December 31st, there was short interest totaling 97,876 shares, a decline of 30.8% from the December 15th total of 141,535 shares. Currently, 1.8% of the company’s stock are sold short. Based on an average daily volume of 161,568 shares, the short-interest ratio is currently 0.6 days. Based on an average daily volume of 161,568 shares, the short-interest ratio is currently 0.6 days. Currently, 1.8% of the company’s stock are sold short.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Up 3.2%

DFEN traded up $2.89 on Friday, hitting $92.68. The company’s stock had a trading volume of 394,003 shares, compared to its average volume of 471,648. The company’s 50 day simple moving average is $66.45 and its 200-day simple moving average is $63.46. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12 month low of $17.64 and a 12 month high of $93.50. The firm has a market cap of $509.74 million, a P/E ratio of 32.76 and a beta of 2.80.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Shareholders of record on Wednesday, December 10th were issued a $5.5496 dividend. This is a boost from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $22.20 dividend on an annualized basis and a yield of 24.0%.

Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

Several large investors have recently made changes to their positions in DFEN. TRUE Private Wealth Advisors lifted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 16.3% in the 2nd quarter. TRUE Private Wealth Advisors now owns 8,028 shares of the company’s stock worth $416,000 after purchasing an additional 1,128 shares during the period. Simplex Trading LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at approximately $398,000. Golden State Equity Partners purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter valued at $202,000. Next Capital Management LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter worth about $208,000. Finally, SBI Securities Co. Ltd. boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% during the 2nd quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock valued at $65,000 after acquiring an additional 407 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.