Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Up 0.7% – Here’s What Happened

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL)’s stock price rose 0.7% during trading on Thursday . The stock traded as high as $18.98 and last traded at $18.55. Approximately 871,638 shares changed hands during mid-day trading, a decline of 14% from the average daily volume of 1,009,073 shares. The stock had previously closed at $18.42.

Direxion Daily NFLX Bull 2X Shares Stock Performance

The stock has a 50-day moving average of $25.21 and a 200 day moving average of $27.32.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were issued a $0.1899 dividend. This represents a $0.76 annualized dividend and a yield of 4.1%. The ex-dividend date was Tuesday, March 24th. This is an increase from Direxion Daily NFLX Bull 2X Shares’s previous quarterly dividend of $0.17.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Direxion Daily NFLX Bull 2X Shares by 824.7% in 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. Optiver Holding B.V. raised its stake in Direxion Daily NFLX Bull 2X Shares by 72.4% during the third quarter. Optiver Holding B.V. now owns 3,063 shares of the company’s stock worth $172,000 after purchasing an additional 1,286 shares during the period. Finally, Susquehanna International Group LLP raised its stake 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 purchasing an additional 5,185 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.