Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Stock Price Down 0.2% – Time to Sell?

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)’s stock price traded down 0.2% on Friday . The company traded as low as $72.00 and last traded at $72.14. Approximately 222,860 shares traded hands during trading, a decline of 20% from the average daily volume of 277,589 shares. The stock had previously closed at $72.29.

Direxion Daily Aerospace & Defense Bull 3X Shares Price Performance

The firm has a market capitalization of $367.91 million, a price-to-earnings ratio of 32.76 and a beta of 2.25. The stock has a 50 day moving average price of $78.32 and a two-hundred day moving average price of $74.79.

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

Several hedge funds have recently made changes to their positions in DFEN. Safe Harbor Fiduciary LLC purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $26,000. TRUE Private Wealth Advisors lifted its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares by 5.1% during the 3rd quarter. TRUE Private Wealth Advisors now owns 8,434 shares of the company’s stock worth $580,000 after buying an additional 406 shares in the last quarter. Verus Capital Partners LLC boosted its position in 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 valued at $540,000 after buying an additional 495 shares during the period. Tower Research Capital LLC TRC boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 10.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 48,503 shares of the company’s stock valued at $3,335,000 after buying an additional 4,593 shares during the period. Finally, Ascentis Independent Advisors grew its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 114.5% in the first quarter. Ascentis Independent Advisors now owns 8,767 shares of the company’s stock worth $553,000 after acquiring an additional 4,680 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.