Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) Short Interest Up 171.3% in September

Key Points

• Short interest in Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL) rose by 171.3% in September, reaching a total of 370,900 shares compared to 136,700 shares at the end of August.
• The company recently increased its quarterly dividend to $0.3562 per share, up from the previous $0.35, resulting in an annualized dividend of $1.42 and a yield of 2.7%.
• The stock's price fluctuated, currently standing at $52.54, with a 52-week range between $22.86 and $73.71.

Direxion Daily NFLX Bull 2X Shares (NASDAQ:NFXL - ) saw a large increase in short interest in the month of September. As of September 15th, there was short interest totaling 370,900 shares, an increase of 171.3% from the August 31st total of 136,700 shares. Based on an average daily volume of 249,000 shares, the days-to-cover ratio is presently 1.5 days. Based on an average daily volume of 249,000 shares, the days-to-cover ratio is presently 1.5 days.

Direxion Daily NFLX Bull 2X Shares Stock Down 1.6%

Shares of NFXL stock opened at $52.54 on Friday. The firm's 50-day moving average is $57.91 and its 200-day moving average is $55.48. Direxion Daily NFLX Bull 2X Shares has a 52-week low of $22.86 and a 52-week high of $73.71.

Direxion Daily NFLX Bull 2X Shares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Tuesday, September 23rd were paid a dividend of $0.3562 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $1.42 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from Direxion Daily NFLX Bull 2X Shares's previous quarterly dividend of $0.35.

Institutional Trading of Direxion Daily NFLX Bull 2X Shares

Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can acquired a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the 2nd quarter worth about $37,000. SBI Securities Co. Ltd. lifted its stake in shares of Direxion Daily NFLX Bull 2X Shares by 12,783.3% during the 2nd quarter. SBI Securities Co. Ltd. now owns 773 shares of the company's stock worth $57,000 after buying an additional 767 shares during the last quarter. Hollencrest Capital Management lifted its stake in shares of Direxion Daily NFLX Bull 2X Shares by 566.7% during the 2nd quarter. Hollencrest Capital Management now owns 1,000 shares of the company's stock worth $74,000 after buying an additional 850 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the 4th quarter worth about $313,000. Finally, Bank of America Corp DE acquired a new stake in shares of Direxion Daily NFLX Bull 2X Shares during the 4th quarter worth about $926,000.

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.

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