DFEN - Direxion Daily Aerospace & Defense Bull 3X Shares
Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X ETF is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. It invests in public equity markets of the United States.
As of Oct 14, 2026: spot at $44.73, ATM IV 71.9%, max pain $50.00, net GEX -$490.0K.
- Sector
- Financial Services
- Industry
- Asset Management
- Market Cap
- $359.1M
- Beta
- 2.68
- 52-Week Range
- 42.8-97.75
- Dividend Yield
- $5.62
- IPO Date
- May 3, 2017
- Exchange
- AMEX
What DFEN Looks Like to Options Traders Today
IV rank of 51.9% sits near the 1-year median, where strategy choice depends on directional conviction and the event calendar rather than vol regime alone; negative net gamma exposure (-$490.0K) means dealers hedge with trend, amplifying realized volatility and accelerating directional moves; the 25-delta skew (0.032) prices calls richer than puts, often reflecting upside speculation or squeeze risk.
What This Page Covers
The DFEN overview links into per-metric analysis views: max pain, gamma exposure, volatility skew, expected move, options chain, open interest history, and aggregate Greeks. Microstructure data is available on short interest, short volume, fail-to-deliver, and market structure.
DFEN fund facts: expense ratio 0.96%, assets under management $293.2M, NAV $47.68 as of the data source's update on Oct 8, 2026, 61 holdings in its latest file, launched May 3, 2017, issued by Direxion. See the DFEN holdings.
Frequently asked DFEN overview questions
- What is DFEN?
- DFEN is the ticker symbol for Direxion Daily Aerospace & Defense Bull 3X Shares, an listed exchange-traded fund. Direxion Shares ETF Trust - Direxion Daily Aerospace & Defense Bull 3X ETF is an exchange traded fund launched by Direxion Investments. It is managed by Rafferty Asset Management, LLC. Listed on AMEX. DFEN is the ETF ticker shown on this page; ETF traders use the fund for diversified exposure to its underlying basket, for sector and factor rotation, and for hedging or replication strategies via the listed options chain.
- What does the DFEN options snapshot look like today?
- As of Oct 14, 2026, the DFEN options snapshot shows spot at $44.73, ATM IV 71.9%, IV rank 51.9%, max pain $50.00, net GEX -$490.0K, expected move 20.61%. The full options chain, Greeks by strike and expiration, per-strike open-interest distribution, dealer gamma and delta exposure, and the volatility skew surface are linked from this overview page. Each per-metric route refreshes once per trading session and reflects the most recent close-of-business listed-options state.
- What are DFEN's key statistics?
- Direxion Daily Aerospace & Defense Bull 3X Shares (DFEN) carries a market capitalization of $359.1M, 52-week range of 42.8-97.75. Full holdings disclosure, expense ratio, and tracking-error history live on the per-ticker fundamentals page or the sponsor's site; daily NAV and premium/discount-to-NAV are accessible from the same view. These structural inputs frame how the ETF options market prices implied volatility relative to its constituents.
- What sector or industry does DFEN belong to?
- Direxion Daily Aerospace & Defense Bull 3X Shares operates in the Financial Services sector, in the Asset Management industry. Sector classification affects how the ticker correlates with sector ETFs, how it reacts to macro factors like rate moves and commodity prices, and how its options pricing compares to sector peers. Compare DFEN's implied volatility and skew against sector benchmarks to gauge whether the options market is pricing single-name or systemic risk relative to the broader peer group.
- How current is the DFEN data on this page?
- The options snapshot above is dated Oct 14, 2026 and refreshes once per session, with all per-strike Greeks and exposure aggregates recomputed at the daily close. Fund-level fields (sponsor, expense ratio, holdings concentration where available) refresh from the vendor feed nightly. ETF-specific filings (N-CSR, N-PX, N-CEN) update on the SEC EDGAR cadence. FINRA microstructure data refreshes on the source's cadence; for ETFs the off-exchange volume signal is dominated by authorized-participant creation and redemption rather than directional flow.