Traynor Capital Management Inc. grew its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN – Free Report) by 10.2% during the 4th quarter, HoldingsChannel.com reports. The fund owned 384,884 shares of the company’s stock after purchasing an additional 35,629 shares during the quarter. Direxion Daily Aerospace & Defense Bull 3X Shares accounts for about 0.7% of Traynor Capital Management Inc.’s holdings, making the stock its 25th biggest holding. Traynor Capital Management Inc. owned approximately 0.06% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $10,588,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Safe Harbor Fiduciary LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter worth $100,000. JPMorgan Chase & Co. raised its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 34.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 3,988 shares of the company’s stock worth $142,000 after purchasing an additional 1,027 shares during the last quarter. Edge Financial Advisors LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the 3rd quarter worth approximately $223,000. TRUE Private Wealth Advisors purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter valued at approximately $229,000. Finally, Virtu Financial LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth approximately $299,000.
Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance
NYSEARCA DFEN opened at $33.40 on Thursday. Direxion Daily Aerospace & Defense Bull 3X Shares has a fifty-two week low of $20.82 and a fifty-two week high of $40.74. The stock’s fifty day moving average is $31.89 and its two-hundred day moving average is $32.45. The firm has a market capitalization of $208.75 million, a P/E ratio of 32.99 and a beta of 1.84.
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.
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