(NFXL) Direxion Daily NFLX Bull 2X - Overview
ETF Category: Trading--Leveraged Equity | Exchange: NASDAQ (USA) | Market Cap: 147m USD | Total Return: -8.1% in 12m
Avg Trading Vol: 11.9M USD
Peers RS (IBD): 32.0
The Direxion Daily NFLX Bull 2X Shares (NASDAQ: NFXL) is a non-diversified, leveraged equity ETF that aims to deliver twice the daily performance of Netflix, Inc. (NFLX) by investing at least 80% of its net assets – plus any borrowing – in Netflix stock and related derivatives such as swaps and options.
Key data as of the latest filings: the fund’s expense ratio stands at 0.95%; its 30-day SEC yield is 0.03%; and over the past 12 months it has posted a 2-X leveraged return of approximately +58%, reflecting Netflix’s 28% year-over-year share price gain. On the underlying company side, Netflix reported a 5% YoY increase in paid-subscriber additions in Q1 2024 and continues to benefit from a streaming sector projected to grow at a CAGR of roughly 13% through 2028, driven by rising global internet penetration and ad-supported tier adoption.
For a deeper dive into how leveraged ETFs like NFXL fit into a broader portfolio, you might explore additional analysis on ValueRay.
- Netflix subscriber growth exceeds analyst expectations
- Netflix content spending impacts profitability
- Streaming competition intensifies, pressuring Netflix market share
- Macroeconomic downturn reduces discretionary spending on streaming
Over the past week, the price has changed by +10.64%, over one month by +0.06%, over three months by +9.00% and over the past year by -8.06%.
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