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

Traynor Capital Management Inc. boosted its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 0.3% in the third quarter, HoldingsChannel.com reports. The fund owned 349,255 shares of the company’s stock after purchasing an additional 998 shares during the period. Direxion Daily Aerospace & Defense Bull 3X Shares makes up about 0.7% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Traynor Capital Management Inc. owned approximately 0.06% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $12,454,000 at the end of the most recent reporting period.

Separately, Renaissance Technologies LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the second quarter valued at about $413,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 2.0 %

NYSEARCA:DFEN opened at $34.43 on Tuesday. The company’s 50-day moving average price is $34.61 and its 200-day moving average price is $30.02. The company has a market cap of $215.19 million, a P/E ratio of 32.99 and a beta of 1.84. Direxion Daily Aerospace & Defense Bull 3X Shares has a twelve month low of $15.11 and a twelve month high of $40.04.

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.