Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Trading Down 7% – What’s Next?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL)’s stock price fell 7% during trading on Tuesday . The stock traded as low as $24.30 and last traded at $24.50. 1,096,117 shares were traded during mid-day trading, an increase of 3% from the average session volume of 1,069,288 shares. The stock had previously closed at $26.34.

Direxion Daily NFLX Bull 2X Shares Price Performance

The company’s 50 day simple moving average is $29.56 and its 200 day simple moving average is $32.86.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1899 dividend. This represents a $0.76 annualized dividend and a dividend yield of 3.1%. This is a positive change from Direxion Daily NFLX Bull 2X Shares’s previous quarterly dividend of $0.17. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily NFLX Bull 2X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. 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 worth $43,000 after purchasing an additional 1,237 shares in the last quarter. Susquehanna International Group LLP grew its stake 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 worth $445,000 after purchasing an additional 5,185 shares in 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 worth $172,000 after purchasing an additional 1,286 shares in the last quarter. Finally, Traynor Capital Management Inc. grew its stake in shares of Direxion Daily NFLX Bull 2X Shares by 9.2% during the third quarter. Traynor Capital Management Inc. now owns 5,930 shares of the company’s stock worth $332,000 after purchasing an additional 498 shares in the last quarter.

About Direxion Daily NFLX Bull 2X Shares

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.