Short Interest in Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Rises By 171.3%

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) was the recipient of a significant increase in short interest in September. As of September 15th, there was short interest totaling 370,900 shares, an increase of 171.3% from the August 31st total of 136,700 shares. Based on an average daily volume of 249,000 shares, the short-interest ratio is presently 1.5 days. Based on an average daily volume of 249,000 shares, the short-interest ratio is presently 1.5 days.

Direxion Daily NFLX Bull 2X Shares Stock Down 1.5%

NFXL opened at $51.73 on Friday. Direxion Daily NFLX Bull 2X Shares has a 1-year low of $22.86 and a 1-year high of $73.71. The company has a fifty day moving average price of $57.82 and a two-hundred day moving average price of $55.68.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a $0.3562 dividend. This represents a $1.42 annualized dividend and a yield of 2.8%. This is an increase from Direxion Daily NFLX Bull 2X Shares’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, September 23rd.

Institutional Investors Weigh In On Direxion Daily NFLX Bull 2X Shares

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the fourth quarter worth about $926,000. Citadel Advisors LLC bought a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the fourth quarter worth about $313,000. Bank of Montreal Can bought a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the second quarter worth about $37,000. SBI Securities Co. Ltd. increased its position in shares of Direxion Daily NFLX Bull 2X Shares by 12,783.3% during the second quarter. SBI Securities Co. Ltd. now owns 773 shares of the company’s stock worth $57,000 after acquiring an additional 767 shares in the last quarter. Finally, Hollencrest Capital Management increased its position in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% during the second quarter. Hollencrest Capital Management now owns 1,000 shares of the company’s stock worth $74,000 after acquiring an additional 850 shares in the last quarter.

Direxion Daily NFLX Bull 2X Shares Company Profile

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.