Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Increases Dividend to $5.55 Per Share

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) announced a quarterly dividend on Tuesday, December 9th. Stockholders of record on Wednesday, December 10th will be given a dividend of 5.5496 per share on Wednesday, December 17th. This represents a c) annualized dividend and a dividend yield of 41.1%. The ex-dividend date of this dividend is Wednesday, December 10th. This is a 10,732.6% increase from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 9.8%

Shares of Direxion Daily Aerospace & Defense Bull 3X Shares stock traded down $5.89 during trading on Wednesday, reaching $54.00. The company’s stock had a trading volume of 135,900 shares, compared to its average volume of 220,900. The company has a 50-day moving average price of $66.51 and a two-hundred day moving average price of $58.72. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $17.64 and a fifty-two week high of $79.38. The firm has a market cap of $310.47 million, a PE ratio of 32.76 and a beta of 2.80.

About Direxion Daily Aerospace & Defense Bull 3X Shares

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.