Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Stock Price Down 0.9% – Time to Sell?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL)’s stock price traded down 0.9% during mid-day trading on Wednesday . The stock traded as low as $23.68 and last traded at $23.93. 428,699 shares changed hands during mid-day trading, a decline of 57% from the average session volume of 1,002,704 shares. The stock had previously closed at $24.15.

Direxion Daily NFLX Bull 2X Shares Price Performance

The company’s 50-day moving average is $28.15 and its 200-day moving average is $30.10.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were given a $0.1899 dividend. This represents a $0.76 annualized dividend and a yield of 3.2%. This is a boost from Direxion Daily NFLX Bull 2X Shares’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Tuesday, March 24th.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. SBI Securities Co. Ltd. raised its position in Direxion Daily NFLX Bull 2X Shares by 824.7% in 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 raised its position in 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 worth $445,000 after purchasing an additional 5,185 shares in the last quarter. Optiver Holding B.V. raised its position in Direxion Daily NFLX Bull 2X Shares by 72.4% in 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. raised its position in Direxion Daily NFLX Bull 2X Shares by 9.2% in 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.

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.