Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sets New 52-Week High – Should You Buy?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $92.91 and last traded at $92.4270, with a volume of 243730 shares changing hands. The stock had previously closed at $89.79.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Up 3.5%

The stock has a market capitalization of $501.92 million, a P/E ratio of 32.76 and a beta of 2.80. The company has a fifty day simple moving average of $65.94 and a two-hundred day simple moving average of $63.08.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were issued a $5.5496 dividend. 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 yield of 23.9%. The ex-dividend date was Wednesday, December 10th.

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

Several large investors have recently bought and sold shares of DFEN. Bank of America Corp DE grew its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% in the 2nd quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock valued at $280,000 after buying an additional 205,390 shares during the period. IMC Chicago LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth about $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 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 in the last quarter. Tower Research Capital LLC TRC grew its position in shares of 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 period. Finally, Simplex Trading LLC bought a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter worth approximately $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.