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Leveraged & Inverse ETFs

Direxion Daily Aerospace & Defense Bull 3X Shares

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. There is no guarantee the fund will achieve its stated investment objective.

DFEN

NAV (Net Asset Value)$23.95As of Mar 18, 2024
1 Day NAV change$-0.09(-0.39%)As of Mar 18, 2024
Daily Target
+300%
Intra-day Value
DFEN.IV
Daily NAV
$23.95
Daily Market Price
$23.96
Expense Ratio
(gross/net %)
0.97 / 0.97*
Daily Volume
119,349
Security Identifier
25460E661
Inception Date
May 03, 2017

Operational Updates

  • 01/23/2024
    Direxion's New ETF Alert Service. Get Price and Volume Alerts automatically via text message!
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Documents & Downloads

  • DFEN Fact Sheet (pdf)
  • Direxion ETFs List (pdf)
  • Prospectus
  • Daily Fund Holdings (csv)

This leveraged ETF seeks a return that is 300% the return of its benchmark index for a single dayThe fund should not be expected to provide three times the return of the benchmark’s cumulative return for periods greater than a day.

Pricing & Performance

NAV and Market Price information as of 03/18/2024.

DFEN Direxion Daily Aerospace & Defense Bull 3X Shares
Net Asset Value (NAV)
$23.95Nav
$-0.09Change
-0.39%Change
Market Price Closing
$23.96Market
$-0.12Change
-0.50%Change
Premium / Discount
$+0.01Change from Last Day Trading
Premium/Discount tool
Loading chart...
1M3MYTD1Y3Y5Y10YSince
Inception
Expense Ratio*
(Gross / Net%)
Inception
Date
DFEN NAV
11.99
17.63
0.45
18.60
15.03
-12.75
0.85
0.97 / 0.97*
05/03/2017
DFEN Market Close
11.67
17.33
0.04
18.36
14.88
-12.85
0.79
0.97 / 0.97*
05/03/2017

As of February 29, 2024

The Primary Listing Exchange is the NYSE Arca, Inc.

*The Net Expense Ratio includes management fees, other operating expenses and Acquired Fund Fees and Expenses. If Acquired Fund Fees and Expenses were excluded, the Net Expense Ratio would be 0.93%. The Fund’s adviser, Rafferty Asset Management, LLC (“Rafferty”) has entered into an Operating Expense Limitation Agreement with the Fund. Under the Operating Expense Limitation Agreement, Rafferty has contractually agreed to waive all or a portion of its management fee and/or reimburse the Fund for Other Expenses through September 1, 2024, to the extent that the Fund’s Total Annual Fund Operating Expenses exceed 0.95% of the Fund’s average daily net assets (excluding, as applicable, among other expenses, taxes, swap financing and related costs, acquired fund fees and expenses, dividends or interest on short positions, other interest expenses, brokerage commissions and extraordinary expenses). If these expenses were included, the expense ratio would be higher.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate. An investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance quoted. Returns for performance under one year are cumulative, not annualized. For the most recent month-end performance please visit the fund’s website at direxion.com.

Short-term performance, in particular, is not a good indication of the fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing market volatility, fund performance may be subject to substantial short-term changes. For additional information, see the fund’s prospectus.

Index Information

The Dow Jones U.S. Select Aerospace & Defense Index (DJSASDT) is provided by S&P Dow Jones Indices LLC (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. One cannot invest directly in an index.

Index Top Ten Holdings

% of Total
Boeing
20.14%
Raytheon Technologies
16.44%
Lockheed Martin
8.70%
Axon Enterprise Inc
4.79%
L3 Harris Technologies
4.56%
Transdigm Group
4.52%
Howmet Aerospace Inc
4.46%
General Dynamics
4.44%
Textron
4.37%
Northrop Grumman
4.20%

Index Sector Weightings

% of Total
Aerospace & Defense
99.60%
Leisure Products
0.40%
Index data as of 12/31/2023. Index sector weightings and top holdings are subject to change.

View Daily Fund Holdings

Distributions

Record DateEx DatePay DateIncome DividendShort-Term Capital GainLong-Term Capital Gain
12/22/202312/21/202312/29/20230.10433
09/20/202309/19/202309/26/20230.06065
06/22/202306/21/202306/28/20230.06600
03/22/202303/21/202303/28/20230.04543
12/21/202212/20/202212/28/20220.05093
09/21/202209/20/202209/27/20220.03998
12/22/202112/21/202112/29/20210.00167
12/10/202112/09/202112/16/20210.000000.33870
03/24/202103/23/202103/30/20210.01278
12/23/202012/22/202012/30/20200.00120
09/23/202009/22/202009/29/20200.00038
06/24/202006/23/202006/30/20200.00021
03/25/202003/24/202003/31/20200.07980
12/24/201912/23/201912/31/20190.02303
09/25/201909/24/201910/01/20190.15348
06/26/201906/25/201907/02/20190.04741
03/20/201903/19/201903/26/20190.06585
12/28/201812/27/201801/04/20190.07815
09/26/201809/25/201810/02/20180.13687
06/20/201806/19/201806/26/20180.10190
12/20/201712/19/201712/27/20170.01876
12/14/201712/13/201712/20/20170.000000.63069
Record Date12/22/2023
Ex Date12/21/2023
Pay Date12/29/2023
Income Dividend0.10433
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/20/2023
Ex Date09/19/2023
Pay Date09/26/2023
Income Dividend0.06065
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/22/2023
Ex Date06/21/2023
Pay Date06/28/2023
Income Dividend0.06600
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/22/2023
Ex Date03/21/2023
Pay Date03/28/2023
Income Dividend0.04543
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/21/2022
Ex Date12/20/2022
Pay Date12/28/2022
Income Dividend0.05093
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/21/2022
Ex Date09/20/2022
Pay Date09/27/2022
Income Dividend0.03998
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/22/2021
Ex Date12/21/2021
Pay Date12/29/2021
Income Dividend0.00167
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/10/2021
Ex Date12/09/2021
Pay Date12/16/2021
Income Dividend0.00000
Short-Term Capital Gain0.33870
Long-Term Capital Gain
Record Date03/24/2021
Ex Date03/23/2021
Pay Date03/30/2021
Income Dividend0.01278
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/23/2020
Ex Date12/22/2020
Pay Date12/30/2020
Income Dividend0.00120
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/23/2020
Ex Date09/22/2020
Pay Date09/29/2020
Income Dividend0.00038
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/24/2020
Ex Date06/23/2020
Pay Date06/30/2020
Income Dividend0.00021
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/25/2020
Ex Date03/24/2020
Pay Date03/31/2020
Income Dividend0.07980
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/24/2019
Ex Date12/23/2019
Pay Date12/31/2019
Income Dividend0.02303
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/25/2019
Ex Date09/24/2019
Pay Date10/01/2019
Income Dividend0.15348
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/26/2019
Ex Date06/25/2019
Pay Date07/02/2019
Income Dividend0.04741
Short-Term Capital Gain
Long-Term Capital Gain
Record Date03/20/2019
Ex Date03/19/2019
Pay Date03/26/2019
Income Dividend0.06585
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/28/2018
Ex Date12/27/2018
Pay Date01/04/2019
Income Dividend0.07815
Short-Term Capital Gain
Long-Term Capital Gain
Record Date09/26/2018
Ex Date09/25/2018
Pay Date10/02/2018
Income Dividend0.13687
Short-Term Capital Gain
Long-Term Capital Gain
Record Date06/20/2018
Ex Date06/19/2018
Pay Date06/26/2018
Income Dividend0.10190
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/20/2017
Ex Date12/19/2017
Pay Date12/27/2017
Income Dividend0.01876
Short-Term Capital Gain
Long-Term Capital Gain
Record Date12/14/2017
Ex Date12/13/2017
Pay Date12/20/2017
Income Dividend0.00000
Short-Term Capital Gain0.63069
Long-Term Capital Gain

Documents

Tax Documents

Download the following Tax Reporting Documents

How to Buy

ETFs are generally available for purchase on exchanges, much like stocks—and can be bought and sold throughout the trading day whenever exchanges are open. Direxion ETFs cannot be purchased directly from Direxion, but are available for trading on most trading platforms.

We strongly recommend that you take the time to educate yourself on how leveraged and inverse ETFs function and behave in various market conditions before you endeavor to trade them in your account. It’s always a good idea to consult a financial advisor or brokerage account representative if you have questions about any ETFs.

Please note, your advisor or broker may charge commissions or other transaction fees.If you have any questions specific to Direxion products, please contact us direct at [email protected] or 866-476-7523.

Operational Updates

Documents & Downloads

How to Buy

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