Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Shares Sold by Traynor Capital Management Inc.

Traynor Capital Management Inc. decreased its holdings in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 2.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 342,001 shares of the company’s stock after selling 7,318 shares during the quarter. Direxion Daily Aerospace & Defense Bull 3X Shares accounts for about 0.8% of Traynor Capital Management Inc.’s holdings, making the stock its 22nd largest holding. Traynor Capital Management Inc.’s holdings in Direxion Daily Aerospace & Defense Bull 3X Shares were worth $9,114,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. SJS Investment Consulting Inc. purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $25,000. Simplex Trading LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $133,000. Signaturefd LLC grew its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 150.0% in the fourth quarter. Signaturefd LLC now owns 10,000 shares of the company’s stock valued at $245,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the fourth quarter valued at approximately $332,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 3.4 %

DFEN stock traded down $0.92 during midday trading on Monday, hitting $26.52. 159,599 shares of the company’s stock were exchanged, compared to its average volume of 203,623. The business has a 50-day simple moving average of $26.97 and a two-hundred day simple moving average of $24.83. The stock has a market capitalization of $165.75 million, a PE ratio of 32.99 and a beta of 1.84. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1-year low of $13.31 and a 1-year high of $29.35.

Direxion Daily Aerospace & Defense Bull 3X Shares 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.