Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL) Shares Climb 9.6% – Here’s Why

Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL)’s stock price rose 9.6% on Wednesday. The company traded as high as $12.44 and last traded at $12.31. Approximately 1,775,446 shares traded hands during trading, an increase of 43% from the average session volume of 1,238,231 shares. The stock had previously closed at $11.23.

Direxion Daily NFLX Bull 2X ETF Trading Up 9.6%

The firm has a fifty day moving average price of $14.86 and a 200-day moving average price of $21.04.

Institutional Investors Weigh In On Direxion Daily NFLX Bull 2X ETF

Large investors have recently bought and sold shares of the company. StoneX Group Inc. acquired a new position in shares of Direxion Daily NFLX Bull 2X ETF in the 3rd quarter valued at approximately $378,000. Optiver Holding B.V. increased its stake in Direxion Daily NFLX Bull 2X ETF by 16.3% in the first 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 during the last quarter. SBI Securities Co. Ltd. increased its stake in Direxion Daily NFLX Bull 2X ETF by 7.9% in the third quarter. SBI Securities Co. Ltd. now owns 15,463 shares of the company’s stock valued at $214,000 after acquiring an additional 1,126 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in Direxion Daily NFLX Bull 2X ETF by 22.3% during the third quarter. Parallel Advisors LLC now owns 6,300 shares of the company’s stock valued at $87,000 after purchasing an additional 1,150 shares in the last quarter.

Direxion Daily NFLX Bull 2X ETF 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.