Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Up 0.7% – Should You Buy?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) were up 0.7% during trading on Thursday . The company traded as high as $18.98 and last traded at $18.55. 871,638 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 1,009,073 shares. The stock had previously closed at $18.42.

Direxion Daily NFLX Bull 2X Shares Price Performance

The company’s fifty day moving average is $25.49 and its two-hundred day moving average is $27.38.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1899 per share. This represents a $0.76 annualized dividend and a dividend yield of 4.1%. 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

A number of large investors have recently bought and sold shares of NFXL. Optiver Holding B.V. lifted its stake in shares of Direxion Daily NFLX Bull 2X Shares by 16.3% in the 1st quarter. Optiver Holding B.V. now owns 11,847 shares of the company’s stock valued at $356,000 after purchasing an additional 1,663 shares during the period. Susquehanna International Group LLP lifted its stake in Direxion Daily NFLX Bull 2X Shares by 188.4% in the 3rd quarter. Susquehanna International Group LLP now owns 7,937 shares of the company’s stock valued at $445,000 after buying an additional 5,185 shares in the last quarter. Finally, SBI Securities Co. Ltd. boosted its stake in shares of 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 acquiring an additional 1,237 shares during 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.