IMC Chicago LLC Makes New $1.71 Million Investment in Direxion Daily Aerospace & Defense Bull 3X Shares $DFEN

IMC Chicago LLC purchased a new position in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 24,887 shares of the company’s stock, valued at approximately $1,711,000. IMC Chicago LLC owned 0.47% of Direxion Daily Aerospace & Defense Bull 3X Shares as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in DFEN. TRUE Private Wealth Advisors boosted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 16.3% in the second quarter. TRUE Private Wealth Advisors now owns 8,028 shares of the company’s stock worth $416,000 after purchasing an additional 1,128 shares during the last quarter. Simplex Trading LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter valued at $398,000. Next Capital Management LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter worth $208,000. SBI Securities Co. Ltd. grew 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 acquiring an additional 407 shares during the period. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth $436,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

DFEN stock opened at $80.31 on Friday. The company has a market cap of $489.89 million, a price-to-earnings ratio of 32.76 and a beta of 2.80. The business’s 50-day moving average is $72.27 and its two-hundred day moving average is $66.41. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $17.64 and a fifty-two week high of $93.50.

Direxion Daily Aerospace & Defense Bull 3X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 17th. Investors of record on Wednesday, December 10th were given a dividend of $5.5496 per share. This represents a $22.20 annualized dividend and a yield of 27.6%. This is a positive change from Direxion Daily Aerospace & Defense Bull 3X Shares’s previous quarterly dividend of $0.05. The ex-dividend date was Wednesday, December 10th.

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.