Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Up 1.8% – Time to Buy?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shares were up 1.8% on Wednesday . The stock traded as high as $16.89 and last traded at $16.43. 822,140 shares changed hands during mid-day trading, a decline of 28% from the average daily volume of 1,138,480 shares. The stock had previously closed at $16.14.

Direxion Daily NFLX Bull 2X Shares Price Performance

The firm’s 50 day moving average price is $17.71 and its two-hundred day moving average price is $23.62.

Direxion Daily NFLX Bull 2X Shares Announces Dividend

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of NFXL. SBI Securities Co. Ltd. boosted its position in Direxion Daily NFLX Bull 2X Shares by 824.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,387 shares of the company’s stock valued at $43,000 after buying an additional 1,237 shares during the period. Optiver Holding B.V. boosted its stake in Direxion Daily NFLX Bull 2X Shares by 16.3% in the 1st quarter. Optiver Holding B.V. now owns 11,847 shares of the company’s stock worth $356,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Susquehanna International Group LLP boosted its stake in Direxion Daily NFLX Bull 2X Shares by 188.4% during the 3rd quarter. Susquehanna International Group LLP now owns 7,937 shares of the company’s stock valued at $445,000 after purchasing an additional 5,185 shares during 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.