Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) Stock Short Interest Jumps 74.7%

Direxion Daily Aerospace & Defense Bull 3X ETF (NYSEARCA:DFEN) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 217,750 shares, a growth of 74.7% from the August 31st total of 124,652 shares. Based on an average daily volume of 281,530 shares, the days-to-cover ratio is presently 0.8 days. Approximately 3.8% of the shares of the company are short sold.

Institutional Investors Weigh In On Direxion Daily Aerospace & Defense Bull 3X ETF

A number of large investors have recently bought and sold shares of DFEN. NorthRock Partners LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X ETF during the 2nd quarter worth approximately $202,000. Verus Capital Partners LLC boosted its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 6.2% in the fourth quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock valued at $540,000 after purchasing an additional 495 shares during the last quarter. Finally, Ascentis Independent Advisors boosted its holdings in Direxion Daily Aerospace & Defense Bull 3X ETF by 114.5% in the first quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock valued at $553,000 after purchasing an additional 4,680 shares during the last quarter.

Direxion Daily Aerospace & Defense Bull 3X ETF Stock Up 1.0%

Shares of DFEN traded up $0.47 during trading hours on Thursday, reaching $47.56. 302,777 shares of the company traded hands, compared to its average volume of 281,833. The business has a fifty day moving average price of $68.11 and a 200-day moving average price of $69.45. Direxion Daily Aerospace & Defense Bull 3X ETF has a 12-month low of $46.50 and a 12-month high of $97.75. The stock has a market capitalization of $278.21 million, a P/E ratio of 32.76 and a beta of 2.24.

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.