Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Reaches New 1-Year High – Time to Buy?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)’s stock price reached a new 52-week high during trading on Monday . The stock traded as high as $95.60 and last traded at $96.32, with a volume of 434841 shares trading hands. The stock had previously closed at $90.31.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 7.0%

The business’s 50 day moving average price is $79.90 and its 200-day moving average price is $69.26. The company has a market cap of $589.28 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 issued a dividend of $5.5496 per share. This is a boost from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. This represents a $22.20 dividend on an annualized basis and a dividend yield of 23.0%. The ex-dividend date was Wednesday, December 10th.

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

A number of large investors have recently made changes to their positions in DFEN. Bank of America Corp DE lifted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% during the 2nd quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock worth $280,000 after purchasing an additional 205,390 shares during the last quarter. IMC Chicago LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the 3rd quarter worth $1,711,000. Group One Trading LLC lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 1,597.6% during the second quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock worth $556,000 after buying an additional 10,081 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 29.0% in the second quarter. Tower Research Capital LLC TRC now owns 43,910 shares of the company’s stock valued at $2,278,000 after acquiring an additional 9,883 shares during the period. Finally, Simplex Trading LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at about $398,000.

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.