Traynor Capital Management Inc. Acquires 35,629 Shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)

Traynor Capital Management Inc. grew its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 10.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 384,884 shares of the company’s stock after buying an additional 35,629 shares during the quarter. Direxion Daily Aerospace & Defense Bull 3X Shares accounts for approximately 0.7% of Traynor Capital Management Inc.’s portfolio, making the stock its 25th largest holding. Traynor Capital Management Inc. owned about 6.16% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $10,588,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Renaissance Technologies LLC bought a new position in Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter worth $413,000. Edge Financial Advisors LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares during the third quarter valued at approximately $223,000. TRUE Private Wealth Advisors purchased a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares during the 3rd quarter valued at about $229,000. Safe Harbor Fiduciary LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the third quarter worth about $100,000. Finally, Virtu Financial LLC purchased a new stake in Direxion Daily Aerospace & Defense Bull 3X Shares in the 3rd quarter worth $299,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Trading Down 1.7 %

Shares of NYSEARCA DFEN opened at $33.40 on Thursday. The firm’s 50-day moving average price is $31.89 and its 200-day moving average price is $32.45. Direxion Daily Aerospace & Defense Bull 3X Shares has a 12-month low of $20.82 and a 12-month high of $40.74. The stock has a market capitalization of $208.75 million, a price-to-earnings ratio of 32.99 and a beta of 1.84.

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.