NFXL

Direxion Daily NFLX Bull 2X Shares

$46.60

+0.00%

Market closed. Last update: 10:54 PM ET

📎 Investment Objective

The Direxion Daily NFLX Bull 2X Shares ETF (NFXL) seeks to provide 2x the daily return of the common stock of Netflix, Inc. (NFLX).

Overview

ETF tracking Direxion Daily NFLX Bull 2X Shares

Category Leveraged

Issuer Other

Inception Date 2024-10-03

Market Cap $58.3M

Average Volume N/A

Dividend Yield 2.43%

52-Week Range $31.62 - $73.59

VWAP $47.53

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The Direxion Daily NFLX Bull 2X Shares ETF (NFXL) seeks to provide 2x the daily return of the common stock of Netflix, Inc. (NFLX).

🎯 Investment Strategy

The fund uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying NFLX stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x the daily return of Netflix stock
Utilizes derivatives and leverage to magnify performance
Resets exposure daily, not designed for long-term holding
Very high volatility and risk profile

⚠️ Primary Risks

Significant risk of losses, especially over periods longer than one day
Potential for outsized gains or losses due to leverage
Tracking error and deviation from underlying asset performance
Liquidity and counterparty risks associated with derivatives

👤 Best For

This ETF is intended for experienced, risk-tolerant investors with a very short-term trading horizon who understand the risks of leveraged and volatile funds. It is not suitable for long-term buy-and-hold investors.