Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Raises Dividend to $0.19 Per Share

Key Points

• Direxion Daily NFLX Bull 2X Shares raised its quarterly dividend to $0.1899 per share (an 11.6% increase from $0.17), implying an annualized yield of about 2.8%; investors of record on March 24 will be paid on March 31 (ex-dividend date March 24).
• NFXL is a Direxion-issued ETF that provides roughly 2x leveraged daily exposure to Netflix stock and was launched on October 3, 2024.
• The fund recently traded down to $27.02 (down $1.66) with volume of 362,919 shares, sports a 50-day SMA of $25.74 versus a 200-day SMA of $38.39, and has a 52-week range of $19.07 to $73.71.

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL - Get Free Report) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.1899 per share on Tuesday, March 31st. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date is Tuesday, March 24th. This is a 11.6% increase from Direxion Daily NFLX Bull 2X Shares's previous quarterly dividend of $0.17.

Direxion Daily NFLX Bull 2X Shares Price Performance

NFXL stock traded down $1.66 during mid-day trading on Tuesday, reaching $27.02. The company had a trading volume of 362,919 shares, compared to its average volume of 1,133,403. The firm has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $38.39. Direxion Daily NFLX Bull 2X Shares has a fifty-two week low of $19.07 and a fifty-two week high of $73.71.

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.

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