Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Trading Up 4.3% – What’s Next?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shares shot up 4.3% during mid-day trading on Thursday . The company traded as high as $24.64 and last traded at $24.12. 1,516,460 shares were traded during trading, an increase of 27% from the average session volume of 1,194,438 shares. The stock had previously closed at $23.12.

Direxion Daily NFLX Bull 2X Shares Stock Performance

The stock’s 50 day simple moving average is $25.54 and its two-hundred day simple moving average is $42.11.

Direxion Daily NFLX Bull 2X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1701 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 2.8%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NFXL. Susquehanna International Group LLP raised its holdings 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 buying an additional 5,185 shares in the last quarter. 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 acquiring an additional 1,286 shares in the last quarter. SBI Securities Co. Ltd. lifted 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 acquiring an additional 1,237 shares during the period. Hollencrest Capital Management boosted its stake in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% in 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 in the last quarter. Finally, Bank of Montreal Can bought a new stake in shares of Direxion Daily NFLX Bull 2X Shares in the 2nd quarter worth about $37,000.

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.