Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) Stock Price Down 7.6%

Direxion Daily Aerospace & Defense Bull 3X Shares (NYSEARCA:DFEN) shares traded down 7.6% during mid-day trading on Wednesday . The company traded as low as $10.11 and last traded at $10.15. 4,182,097 shares were traded during trading, an increase of 138% from the average session volume of 1,757,672 shares. The stock had previously closed at $10.98.

The business’s 50 day moving average price is $12.28 and its 200-day moving average price is $12.55.

A number of hedge funds have recently modified their holdings of DFEN. TRUE Private Wealth Advisors boosted its position in Direxion Daily Aerospace & Defense Bull 3X Shares by 45.3% in the 2nd quarter. TRUE Private Wealth Advisors now owns 15,565 shares of the company’s stock valued at $191,000 after buying an additional 4,855 shares during the last quarter. Creative Planning acquired a new position in Direxion Daily Aerospace & Defense Bull 3X Shares during the 2nd quarter worth $478,000. Virtu Financial LLC bought a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter worth about $380,000. XR Securities LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter valued at about $163,000. Finally, Jane Street Group LLC acquired a new stake in shares of Direxion Daily Aerospace & Defense Bull 3X Shares in the 2nd quarter valued at about $257,000.

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