DFEN Stock Summary and Trading Ideas (Direxion Daily Aerospace & Defense Bull 3X | ARCA:DFEN)

The Direxion Daily Aerospace & Defense Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the performance of the Dow Jones U.S. Select Aerospace & Defense Index. The Dow Jones U.S. Select Aerospace & Defense Index (DJSASDT) is provided by Dow Jones U.S. Index (the Index Provider ). The Index attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. The Index Provider selects the stocks comprising the Index from the aerospace and defense sector on the basis of the float-adjusted, market capitalization-weight of each constituent. Aerospace companies include manufacturers, assemblers and distributors of aircraft and aircraft parts. Defense companies include producers of components and equipment for the defense industry, such as military aircraft, radar equipment and weapons.

Direxion Daily Aerospace & Defense Bull 3X trades on the ARCA stock market under the symbol DFEN.

As of April 26, 2024, DFEN stock price climbed to $24.98 with 164,853 million shares trading.

DFEN has a beta of 2.25, meaning it tends to be more sensitive to market movements. DFEN has a correlation of 0.44 to the broad based SPY ETF.

DFEN has a market cap of $156.13 million. This is considered a Micro Cap stock.

In the last 3 years, DFEN stock traded as high as $26.97 and as low as $11.37.

DFEN stock has underperformed the market in the last year with a return of +25.0%, while SPY returned +26.8%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in DFEN shares. However, DFEN has outperformed the market in the last 3 month and 2 week periods, returning +16.9% and +0.2%, while SPY returned +4.5% and -1.9%, respectively. This indicates DFEN has been having a stronger performance recently.

DFEN support price is $23.95 and resistance is $25.43 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that DFEN stock will trade within this expected range on the day.