Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) Stock Price Up 0.9% – Here’s What Happened

Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) shares shot up 0.9% during trading on Friday . The stock traded as high as $57.52 and last traded at $56.08. Approximately 236,877 shares were traded during mid-day trading, a decline of 14% from the average session volume of 276,628 shares. The stock had previously closed at $55.56.

Direxion Daily Aerospace & Defense Bull 3X ETF Price Performance

The stock’s 50-day simple moving average is $73.81 and its two-hundred day simple moving average is $72.88. The firm has a market cap of $286.01 million, a P/E ratio of 32.76 and a beta of 2.24.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DFEN. JPMorgan Chase & Co. increased its stake in shares of Direxion Daily Aerospace & Defense Bull 3X ETF by 437.9% during 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 during the period. Walleye Capital LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X ETF during the second quarter valued at approximately $314,000. Bank of America Corp DE grew its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 102.7% in the second 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. Group One Trading LLC grew its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 1,597.6% in the second quarter. Group One Trading LLC now owns 10,712 shares of the company’s stock worth $556,000 after purchasing an additional 10,081 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Direxion Daily Aerospace & Defense Bull 3X ETF by 29.0% during the second quarter. Tower Research Capital LLC TRC now owns 43,910 shares of the company’s stock worth $2,278,000 after purchasing an additional 9,883 shares in the last quarter.

About Direxion Daily Aerospace & Defense Bull 3X ETF

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.