Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL) Trading Down 2.8% – Should You Sell?

Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL)’s stock price was down 2.8% on Thursday . The stock traded as low as $16.47 and last traded at $16.47. Approximately 1,162,178 shares were traded during mid-day trading, an increase of 4% from the average session volume of 1,117,202 shares. The stock had previously closed at $16.95.

Direxion Daily NFLX Bull 2X ETF Trading Down 9.4%

The stock has a fifty day simple moving average of $17.07 and a 200-day simple moving average of $22.45.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Direxion Daily NFLX Bull 2X ETF stock. Optiver Holding B.V. grew its position in Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL) by 16.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 11,847 shares of the company’s stock after purchasing an additional 1,663 shares during the period. Optiver Holding B.V. owned about 0.19% of Direxion Daily NFLX Bull 2X ETF worth $356,000 at the end of the most recent reporting period.

About Direxion Daily NFLX Bull 2X ETF

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.