Direxion Daily Aerospace & Defense Bull 3X Shares Sees Unusually Large Options Volume (NYSEARCA:DFEN)

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) was the recipient of unusually large options trading activity on Tuesday. Traders bought 3,320 call options on the stock. This represents an increase of approximately 922% compared to the average daily volume of 325 call options.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Down 0.5 %

Direxion Daily Aerospace & Defense Bull 3X Shares stock traded down $0.15 during trading hours on Tuesday, hitting $33.05. 48,928 shares of the company traded hands, compared to its average volume of 205,979. Direxion Daily Aerospace & Defense Bull 3X Shares has a 1-year low of $13.31 and a 1-year high of $34.98. The firm has a market cap of $206.56 million, a P/E ratio of 32.99 and a beta of 1.84. The firm’s 50-day simple moving average is $30.34 and its two-hundred day simple moving average is $27.71.

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

Several institutional investors have recently modified their holdings of the company. Virtu Financial LLC acquired a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the fourth quarter valued at approximately $332,000. Verus Capital Partners LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter worth $348,000. Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the second quarter worth $413,000. Traynor Capital Management Inc. raised its position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 1.8% during the second quarter. Traynor Capital Management Inc. now owns 348,257 shares of the company’s stock worth $8,995,000 after purchasing an additional 6,256 shares during the period. Finally, Simplex Trading LLC lifted its holdings in shares of Direxion Daily Aerospace & Defense Bull 3X Shares by 206.2% during the first quarter. Simplex Trading LLC now owns 16,666 shares of the company’s stock valued at $444,000 after purchasing an additional 11,223 shares during 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.