Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Trading Up 2.5% – Here’s What Happened

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) rose 2.5% on Monday . The stock traded as high as $78.30 and last traded at $76.75. 98,076 shares changed hands during trading, a decline of 69% from the average session volume of 313,154 shares. The stock had previously closed at $74.88.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

The firm has a 50 day moving average of $68.28 and a two-hundred day moving average of $73.40. The stock has a market cap of $456.66 million, a PE ratio of 32.76 and a beta of 2.23.

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

Several institutional investors have recently modified their holdings of DFEN. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at $26,000. Bank of America Corp DE lifted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% in the second quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock valued at $280,000 after acquiring an additional 205,390 shares during the last quarter. Walleye Capital LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at $314,000. Simplex Trading LLC acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at $385,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock worth $415,000 after purchasing an additional 469 shares during the last quarter.

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.