Key stats
About Direxion Daily Aerospace & Defense Bull 3X Shares
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Inception date
May 3, 2017
Structure
Open-Ended Fund
Replication method
Synthetic
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Rafferty Asset Management LLC
Distributor
Foreside Fund Services LLC
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
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Electronic Technology
Transportation
Corporate
Stocks74.83%
Electronic Technology55.88%
Transportation16.15%
Producer Manufacturing2.64%
Commercial Services0.08%
Consumer Durables0.07%
Bonds, Cash & Other25.17%
Corporate24.34%
Cash0.83%
Stock breakdown by region
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
DFEN invests in stocks. The fund's major sectors are Electronic Technology, with 55.88% stocks, and Transportation, with 16.15% of the basket. The assets are mostly located in the North America region.
DFEN last dividends amounted to 0.02 USD. The quarter before, the issuer paid 0.09 USD in dividends, which shows a 297.93% decrease.
DFEN assets under management is 220.21 M USD. It's risen 36.42% over the last month.
DFEN fund flows account for −27.45 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, DFEN pays dividends to its holders with the dividend yield of 0.61%. The last dividend (Apr 1, 2025) amounted to 0.02 USD. The dividends are paid quarterly.
DFEN shares are issued by Rafferty Asset Management LLC under the brand Direxion. The ETF was launched on May 3, 2017, and its management style is Passive.
DFEN expense ratio is 0.95% meaning you'd have to pay 0.95% of your investment to help manage the fund.
DFEN follows the DJ US Select / Aerospace & Defense. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
DFEN invests in stocks.
DFEN price has risen by 42.99% over the last month, and its yearly performance shows a 58.50% increase. See more dynamics on DFEN price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 40.62% over the last month, showed a 32.83% increase in three-month performance and has increased by 57.32% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 40.62% over the last month, showed a 32.83% increase in three-month performance and has increased by 57.32% in a year.
DFEN trades at a premium (0.05%) meaning the ETF is trading at a higher price than the calculated NAV.