Traynor Capital Management Inc. Has $12.45 Million Position in Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN)

Traynor Capital Management Inc. increased its stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) by 0.3% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 349,255 shares of the company’s stock after buying an additional 998 shares during the quarter. Direxion Daily Aerospace & Defense Bull 3X Shares comprises approximately 0.7% of Traynor Capital Management Inc.’s investment portfolio, making the stock its 17th biggest position. Traynor Capital Management Inc. owned about 5.59% of Direxion Daily Aerospace & Defense Bull 3X Shares worth $12,454,000 as of its most recent SEC filing.

Separately, Renaissance Technologies LLC bought a new position in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter valued at $413,000.

Direxion Daily Aerospace & Defense Bull 3X Shares Stock Performance

Shares of DFEN opened at $34.43 on Tuesday. Direxion Daily Aerospace & Defense Bull 3X Shares has a 52 week low of $15.11 and a 52 week high of $40.04. The stock has a market capitalization of $215.19 million, a price-to-earnings ratio of 32.99 and a beta of 1.84. The stock has a fifty day moving average of $34.61 and a 200-day moving average of $30.02.

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.