Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Down 4% – What’s Next?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shares were down 4% during mid-day trading on Thursday . The stock traded as low as $18.50 and last traded at $18.75. Approximately 1,095,031 shares were traded during mid-day trading, a decline of 3% from the average session volume of 1,130,283 shares. The stock had previously closed at $19.54.

Direxion Daily NFLX Bull 2X Shares Trading Down 4.0%

The firm’s 50-day moving average price is $16.75 and its 200 day moving average price is $22.90.

Direxion Daily NFLX Bull 2X Shares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a dividend of $0.084 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.34 annualized dividend and a yield of 1.8%.

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 NFXL. SBI Securities Co. Ltd. raised its holdings in shares of 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 valued at $43,000 after purchasing an additional 1,237 shares during the period. Susquehanna International Group LLP grew 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 valued at $445,000 after buying an additional 5,185 shares during the period. Finally, Optiver Holding B.V. increased its position 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 valued at $356,000 after buying an additional 1,663 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.