Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Stock Price Down 1% – What’s Next?

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) traded down 1% on Tuesday . The stock traded as low as $15.86 and last traded at $16.39. 932,907 shares were traded during trading, a decline of 13% from the average daily volume of 1,068,877 shares. The stock had previously closed at $16.55.

Direxion Daily NFLX Bull 2X Shares Trading Down 1.0%

The business has a 50-day moving average of $20.61 and a two-hundred day moving average of $25.18.

Direxion Daily NFLX Bull 2X Shares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a $0.084 dividend. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.34 annualized dividend and a dividend yield of 2.1%.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFXL. Susquehanna International Group LLP lifted its holdings 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 during the period. Optiver Holding B.V. raised its position in Direxion Daily NFLX Bull 2X Shares 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 during the last quarter. Finally, SBI Securities Co. Ltd. lifted its holdings in Direxion Daily NFLX Bull 2X Shares by 824.7% during the 4th quarter. SBI Securities Co. Ltd. now owns 1,387 shares of the company’s stock worth $43,000 after buying an additional 1,237 shares during the period.

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.