“We need to continue to secure the country,” said White House Office of Management and Budget Acting Director Russell Vought. “We need to continue to secure the border. We’re not going to be bashful about that. But at the same time, we’re also going to say that we have many, many programs that are wasteful and inefficient that we can no longer afford.”

Related: “ITA” ETF Falters Following Deadly Crash of Boeing Plane

DFEN seeks daily investment results equal to 300% of the daily performance of the Dow Jones U.S. Select Aerospace & Defense Index, which attempts to measure the performance of the aerospace and defense industry of the U.S. equity market. After declining 32.87 percent in 2018, DFEN is up 73.13 percent thus far in 2019.

For more trends on leveraged and inverse ETFs, visit the Leveraged & Inverse ETF Channel.

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