Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Down 1% – What’s Next?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL)’s stock price dropped 1% during trading on Tuesday . The company traded as low as $15.86 and last traded at $16.39. 932,907 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 1,068,877 shares. The stock had previously closed at $16.55.

Direxion Daily NFLX Bull 2X Shares Price Performance

The stock has a fifty day simple moving average of $20.45 and a two-hundred day simple moving average of $25.08.

Direxion Daily NFLX Bull 2X Shares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a $0.084 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.34 annualized dividend and a yield of 2.0%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in NFXL. SBI Securities Co. Ltd. raised its holdings in Direxion Daily NFLX Bull 2X Shares by 824.7% during the fourth quarter. SBI Securities Co. Ltd. now owns 1,387 shares of the company’s stock worth $43,000 after purchasing an additional 1,237 shares during the last quarter. Optiver Holding B.V. grew its holdings in Direxion Daily NFLX Bull 2X Shares by 16.3% during the 1st quarter. Optiver Holding B.V. now owns 11,847 shares of the company’s stock valued at $356,000 after buying an additional 1,663 shares during the last quarter. Finally, Susquehanna International Group LLP increased its position in Direxion Daily NFLX Bull 2X Shares by 188.4% during the third quarter. Susquehanna International Group LLP now owns 7,937 shares of the company’s stock worth $445,000 after buying an additional 5,185 shares in the last quarter.

About Direxion Daily NFLX Bull 2X Shares

The Direxion Daily NFLX Bull 2X Shares (NFXL) is an exchange-traded fund that mostly invests in communication services equity. The fund provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Netflix stock. NFXL was launched on Oct 3, 2024 and is issued by Direxion.