Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Stock Price Up 6% – Here’s What Happened

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shares shot up 6% during trading on Tuesday . The stock traded as high as $36.73 and last traded at $36.57. 828,253 shares traded hands during mid-day trading, a decline of 18% from the average session volume of 1,009,873 shares. The stock had previously closed at $34.50.

Direxion Daily NFLX Bull 2X Shares Trading Up 6.0%

The stock has a fifty day moving average of $27.58 and a two-hundred day moving average of $35.29.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.1899 per share. The ex-dividend date was Tuesday, March 24th. This is a boost from Direxion Daily NFLX Bull 2X Shares’s previous quarterly dividend of $0.17. This represents a $0.76 annualized dividend and a dividend yield of 2.1%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Traynor Capital Management Inc. increased its position in Direxion Daily NFLX Bull 2X Shares by 9.2% in the 3rd quarter. Traynor Capital Management Inc. now owns 5,930 shares of the company’s stock valued at $332,000 after acquiring an additional 498 shares in the last quarter. Hollencrest Capital Management lifted its position in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% during the second quarter. Hollencrest Capital Management now owns 1,000 shares of the company’s stock worth $74,000 after purchasing an additional 850 shares in the last quarter. SBI Securities Co. Ltd. grew its stake 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 purchasing an additional 1,237 shares during the last quarter. Optiver Holding B.V. grew its stake in shares of 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 valued at $172,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Susquehanna International Group LLP increased its holdings in shares of Direxion Daily NFLX Bull 2X Shares by 188.4% in the third quarter. Susquehanna International Group LLP now owns 7,937 shares of the company’s stock valued at $445,000 after purchasing an additional 5,185 shares in 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.