Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Trading Down 6.1% – Should You Sell?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shares were down 6.1% during trading on Thursday . The stock traded as low as $27.17 and last traded at $27.79. Approximately 409,327 shares traded hands during mid-day trading, a decline of 65% from the average daily volume of 1,180,410 shares. The stock had previously closed at $29.61.

Direxion Daily NFLX Bull 2X Shares Stock Performance

The firm has a 50 day simple moving average of $25.72 and a two-hundred day simple moving average of $38.91.

Direxion Daily NFLX Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were issued a $0.1701 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.68 annualized dividend and a yield of 2.5%.

Hedge Funds Weigh In On Direxion Daily NFLX Bull 2X Shares

Several large investors have recently bought and sold shares of the stock. Susquehanna International Group LLP lifted its stake in shares of Direxion Daily NFLX Bull 2X Shares by 188.4% in the 3rd quarter. Susquehanna International Group LLP now owns 7,937 shares of the company’s stock worth $445,000 after acquiring an additional 5,185 shares during the period. Traynor Capital Management Inc. raised its holdings in Direxion Daily NFLX Bull 2X Shares by 9.2% during the third quarter. Traynor Capital Management Inc. now owns 5,930 shares of the company’s stock worth $332,000 after purchasing an additional 498 shares in the last quarter. Optiver Holding B.V. boosted its stake in Direxion Daily NFLX Bull 2X Shares by 72.4% during the 3rd quarter. Optiver Holding B.V. now owns 3,063 shares of the company’s stock valued at $172,000 after purchasing an additional 1,286 shares in the last quarter. SBI Securities Co. Ltd. increased its position in shares of 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 purchasing an additional 1,237 shares during the period. Finally, Hollencrest Capital Management increased its position in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,000 shares of the company’s stock valued at $74,000 after purchasing an additional 850 shares during the period.

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.