Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Short Interest Update

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 349,795 shares, a growth of 257.4% from the December 31st total of 97,876 shares. Based on an average trading volume of 479,595 shares, the short-interest ratio is currently 0.7 days. Approximately 5.8% of the shares of the company are short sold. Approximately 5.8% of the shares of the company are short sold. Based on an average trading volume of 479,595 shares, the short-interest ratio is currently 0.7 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 4.2%

DFEN traded down $3.51 during trading on Wednesday, reaching $80.78. 366,315 shares of the company were exchanged, compared to its average volume of 469,921. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $17.64 and a 12-month high of $93.50. The company’s 50-day moving average is $69.71 and its two-hundred day moving average is $65.36. The company has a market cap of $488.72 million, a price-to-earnings ratio of 32.76 and a beta of 2.80.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were given a $5.5496 dividend. This represents a $22.20 dividend on an annualized basis and a dividend yield of 27.5%. This is an increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 10th.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Farther Finance Advisors LLC raised its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% in the third quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock worth $31,000 after buying an additional 283 shares in the last quarter. 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. Next Capital Management LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at $208,000. Blue Sky Capital Consultants Group Inc. purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter valued at about $248,000. Finally, Golden State Equity Partners lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 4.7% during the third quarter. Golden State Equity Partners now owns 4,076 shares of the company’s stock worth $280,000 after purchasing an additional 182 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.