Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Shares Up 4.3% – Still a Buy?

Shares of Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) shot up 4.3% during mid-day trading on Thursday . The company traded as high as $24.64 and last traded at $24.12. 1,516,460 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 1,194,438 shares. The stock had previously closed at $23.12.

Direxion Daily NFLX Bull 2X Shares Price Performance

The company has a 50-day moving average price of $25.53 and a 200 day moving average price of $41.92.

Direxion Daily NFLX Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1701 per share. This represents a $0.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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 NFXL. Susquehanna International Group LLP raised its stake in shares of 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 valued at $445,000 after acquiring an additional 5,185 shares during the period. SBI Securities Co. Ltd. grew its position in shares of 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 in the last quarter. Optiver Holding B.V. grew its position in shares of Direxion Daily NFLX Bull 2X Shares by 72.4% during the 3rd quarter. Optiver Holding B.V. now owns 3,063 shares of the company’s stock worth $172,000 after buying an additional 1,286 shares in the last quarter. Traynor Capital Management Inc. increased 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 valued at $332,000 after buying an additional 498 shares during the period. Finally, Hollencrest Capital Management raised its holdings in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% in the second quarter. Hollencrest Capital Management now owns 1,000 shares of the company’s stock valued at $74,000 after acquiring an additional 850 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.