Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Sees Significant Increase in Short Interest

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 141,535 shares, a growth of 132.0% from the November 30th total of 61,000 shares. Currently, 2.5% of the company’s shares are sold short. Based on an average trading volume of 163,221 shares, the days-to-cover ratio is currently 0.9 days. Based on an average trading volume of 163,221 shares, the days-to-cover ratio is currently 0.9 days. Currently, 2.5% of the company’s shares are sold short.

Hedge Funds Weigh In On Direxion Daily Aerospace & Defense Bull 3X Shares

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC boosted its stake in Direxion Daily Aerospace & Defense Bull 3X Shares by 162.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 457 shares of the company’s stock worth $31,000 after purchasing an additional 283 shares in the last quarter. SBI Securities Co. Ltd. raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 48.1% in the second quarter. SBI Securities Co. Ltd. now owns 1,253 shares of the company’s stock worth $65,000 after buying an additional 407 shares during the last quarter. Blue Sky Capital Consultants Group Inc. acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth $248,000. Golden State Equity Partners purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter valued at $202,000. Finally, Next Capital Management LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter valued at $208,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 3.3%

NYSEARCA:DFEN opened at $67.12 on Friday. The company has a market cap of $385.94 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. Direxion Daily Aerospace & Defense Bull 3X Shares has a twelve month low of $17.64 and a twelve month high of $79.38. The stock has a fifty day simple moving average of $64.93 and a 200-day simple moving average of $60.20.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 17th. Stockholders of record on Wednesday, December 10th were paid a dividend of $5.5496 per share. The ex-dividend date was Wednesday, December 10th. This is a positive change 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 dividend yield of 33.1%.

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.