Direxion Daily Aerospace & Defense Bull 3X SharesDirexion Daily Aerospace & Defense Bull 3X SharesDirexion Daily Aerospace & Defense Bull 3X Shares

Direxion Daily Aerospace & Defense Bull 3X Shares

No trades
See on Supercharts

Key stats


Assets under management (AUM)
‪186.97 M‬USD
Fund flows (1Y)
‪−77.16 M‬USD
Dividend yield (indicated)
1.01%
Discount/Premium to NAV
0.5%

About Direxion Daily Aerospace & Defense Bull 3X Shares


Issuer
Rafferty Asset Management LLC
Brand
Direxion
Expense ratio
0.97%
Inception date
May 3, 2017
Index tracked
DJ US Select / Aerospace & Defense
Management style
Passive
DFEN is a daily 3x leveraged bet on the Dow Jones U.S. Select Aerospace and Defense Index, a market-cap-weighted index of US-listed aerospace and defense stocks. Unleveraged exposure to the same index can be found in ITA a fund from BlackRock. The geared 3x nature of DFEN is designed to magnify the daily performance of the index, not to return 300% of the index performance over extended periods of time. Due to compounding and the daily reset function, the fund is meant to be a trading vehicle for investors to make short-term bets on the direction of the aerospace and defense industry and not a long-term investment strategy. Compounding becomes more pronounced and more of a concern as holding periods increase, and the fund is likely to stray from the returns of the underlying index in such cases. Due to the fund`s day trading personality, trading volume and bid/ask spread are more important cost considerations than expense ratio.

Classification


Asset Class
Equity
Category
Sector
Focus
Industrials
Niche
Aerospace & defense
Strategy
Vanilla
Weighting scheme
Market cap
Selection criteria
Market cap
What's in the fund
Exposure type
StocksBonds, Cash & Other
Electronic Technology
Producer Manufacturing
Cash
Stock breakdown by region
100%

See all ideas 

Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.