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

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXLGet Free Report) fell 4% 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 daily volume of 1,130,283 shares. The stock had previously closed at $19.54.

Direxion Daily NFLX Bull 2X Shares Trading Up 4.6%

The firm has a 50-day moving average of $16.77 and a 200 day moving average of $22.87.

Direxion Daily NFLX Bull 2X Shares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.34 annualized dividend and a dividend yield of 1.7%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NFXL. SBI Securities Co. Ltd. raised its stake in Direxion Daily NFLX Bull 2X Shares by 824.7% in the 4th quarter. SBI Securities Co. Ltd. now owns 1,387 shares of the company’s stock worth $43,000 after purchasing an additional 1,237 shares in the last quarter. Optiver Holding B.V. raised its holdings 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 acquiring an additional 1,663 shares in the last quarter. Finally, Susquehanna International Group LLP lifted its position in shares of 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 acquiring an additional 5,185 shares during the period.

About Direxion Daily NFLX Bull 2X Shares

(Get Free Report)

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.

Further Reading

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