“Through this report, we hope to present the market with a broader view of the underlying factors that drive the decision-making of dealmakers in these sectors,” Managing Director Bob Kipps added.

Related: Direxion Debuts 4 New Leveraged, Inverse ETFs

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.

Based on the survey results, defense spending is the most important factor influencing overall mergers and acquisitions deal activity within the U.S. DFEN was up 2.28 percent on Thursday as choppy trading in U.S. equities saw the major indexes fluctuate.

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