Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Shares Down 1.9% – Should You Sell?

Shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) traded down 1.9% during mid-day trading on Monday . The stock traded as low as $66.43 and last traded at $66.77. 140,524 shares traded hands during trading, a decline of 53% from the average daily volume of 297,838 shares. The stock had previously closed at $68.05.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

The firm has a market cap of $337.19 million, a PE ratio of 32.76 and a beta of 2.23. The stock has a 50-day moving average price of $72.24 and a 200 day moving average price of $74.85.

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

A number of hedge funds have recently added to or reduced their stakes in DFEN. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 4th quarter valued at about $26,000. Bank of America Corp DE lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 102.7% during the 2nd quarter. Bank of America Corp DE now owns 5,390 shares of the company’s stock worth $280,000 after acquiring an additional 205,390 shares during the period. Walleye Capital LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter worth about $314,000. Simplex Trading LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter worth approximately $385,000. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 7.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 6,495 shares of the company’s stock worth $415,000 after acquiring an additional 469 shares during the last quarter.

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.