Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Trading Down 4% – Here’s Why

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL)’s share price traded down 4% during trading on Thursday . The company traded as low as $18.50 and last traded at $18.75. 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 Down 4.0%

The company has a fifty day moving average price of $16.75 and a 200 day moving average price of $22.90.

Direxion Daily NFLX Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors 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 yield of 1.8%.

Institutional Trading of Direxion Daily NFLX Bull 2X Shares

Hedge funds and other institutional investors have recently bought and sold shares of the business. Optiver Holding B.V. raised its holdings in Direxion Daily NFLX Bull 2X Shares by 16.3% during the first quarter. Optiver Holding B.V. now owns 11,847 shares of the company’s stock worth $356,000 after buying an additional 1,663 shares during the last quarter. Susquehanna International Group LLP grew its holdings in shares of 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 valued at $445,000 after buying an additional 5,185 shares during the last quarter. Finally, SBI Securities Co. Ltd. grew 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 buying an additional 1,237 shares during 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.