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The Fund seeks daily investment results, before fees and expenses, of 200% of the daily performance of NFLX. The Fund, under normal circumstances, invests at least 80% of its net assets (plus any borrowings for investment purposes) in the securities of NFLX and financial instruments, such as swap agreements and options, that, in combination, provide 2X daily leveraged exposure to NFLX, consistent with the Fund's investment objective. The Fund will enter into one or more swap agreements with major global financial institutions whereby the Fund and the global financial institution will agree to exchange the return earned on an investment by the Fund in NFLX that is equal, on a daily basis, to 200% of the value of the Fund's net assets. The Adviser attempts to consistently apply leverage to obtain NFLX exposure for the Fund equal to 200% of the value of its net assets and expects to rebalance the Fund's holdings daily to maintain such exposure. Netflix, Inc. provides entertainment services. It offers TV series, documentaries, feature films, and mobile games across various genres and languages.
Direxion Daily Nflx Bull 2X ETF trades on the NASDAQ stock market under the symbol NFXL.
As of September 28, 2026, NFXL stock price declined to $13.72 with 1,792,931 million shares trading.
NFXL has a beta of 0.62, meaning it tends to be less sensitive to market movements. NFXL has a correlation of 0.01 to the broad based SPY ETF.
NFXL has a market cap of $128.28 million. This is considered a Micro Cap stock.
NFXL has underperformed the market in the last year with a price return of -72.6% while the SPY ETF gained +16.8%. NFXL has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -16.9% and -26.3%, respectively, while the SPY returned +5.3% and +0.9%, respectively.
NFXL support price is $13.85 and resistance is $15.13 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that NFXL shares will trade within this expected range on the day.