Short Interest in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Rises By 81.4%

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 316,688 shares, an increase of 81.4% from the April 15th total of 174,566 shares. Approximately 5.3% of the shares of the company are short sold. Based on an average trading volume of 351,739 shares, the short-interest ratio is currently 0.9 days.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

Shares of DFEN opened at $59.30 on Monday. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1 year low of $37.55 and a 1 year high of $97.75. The stock has a 50 day simple moving average of $69.47 and a 200-day simple moving average of $71.96. The stock has a market cap of $352.84 million, a PE ratio of 32.76 and a beta of 2.20.

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

A number of hedge funds have recently modified their holdings of the stock. Ascentis Independent Advisors raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 114.5% in the 1st quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock worth $553,000 after buying an additional 4,680 shares in the last quarter. Safe Harbor Fiduciary LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter worth approximately $26,000. Group One Trading LLC raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 83.1% in the 4th quarter. Group One Trading LLC now owns 16,651 shares of the company’s stock worth $1,064,000 after buying an additional 7,559 shares in the last quarter. Simplex Trading LLC acquired a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter worth approximately $385,000. Finally, Verus Capital Partners LLC raised its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 6.2% in the 4th quarter. Verus Capital Partners LLC now owns 8,450 shares of the company’s stock worth $540,000 after buying an additional 495 shares in 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.