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

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) 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 changed hands 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 Down 0.2%

The stock has a 50 day moving average of $78.32 and a 200 day moving average of $74.79. The firm has a market cap of $367.91 million, a price-to-earnings ratio of 32.76 and a beta of 2.25.

Institutional Trading of Direxion Daily Aerospace & Defense Bull 3X Shares

A number of institutional investors and hedge funds have recently made changes to their positions in DFEN. Bank of America Corp DE grew its holdings in shares of 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 valued at $280,000 after purchasing an additional 205,390 shares during the last quarter. Group One Trading LLC lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 1,597.6% in the 2nd quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock valued at $556,000 after purchasing an additional 10,081 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 29.0% in the 2nd quarter. Tower Research Capital LLC TRC now owns 43,910 shares of the company’s stock valued at $2,278,000 after purchasing an additional 9,883 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 437.9% in the second quarter. JPMorgan Chase & Co. now owns 8,860 shares of the company’s stock valued at $460,000 after buying an additional 7,213 shares in the last quarter. Finally, Qube Research & Technologies Ltd boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 12,377.6% in the third quarter. Qube Research & Technologies Ltd now owns 7,237 shares of the company’s stock valued at $498,000 after buying an additional 7,179 shares in 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.