Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL) Stock Jumps 9.6% – What’s Next?

Direxion Daily NFLX Bull 2X ETF (NASDAQ:NFXL)’s share price shot up 9.6% during trading 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 Price Performance

The firm has a 50 day moving average of $14.86 and a two-hundred day moving average of $21.04.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. acquired a new stake in shares of Direxion Daily NFLX Bull 2X ETF in the 3rd quarter valued at approximately $378,000. Optiver Holding B.V. increased its position in Direxion Daily NFLX Bull 2X ETF by 16.3% during the 1st quarter. Optiver Holding B.V. now owns 11,847 shares of the company’s stock worth $356,000 after purchasing an additional 1,663 shares in the last quarter. Parallel Advisors LLC increased its position in Direxion Daily NFLX Bull 2X ETF by 22.3% during the 3rd quarter. Parallel Advisors LLC now owns 6,300 shares of the company’s stock worth $87,000 after purchasing an additional 1,150 shares in the last quarter. Finally, SBI Securities Co. Ltd. increased its position in Direxion Daily NFLX Bull 2X ETF by 7.9% during the 3rd quarter. SBI Securities Co. Ltd. now owns 15,463 shares of the company’s stock worth $214,000 after purchasing an additional 1,126 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.