Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Short Interest Update

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the recipient of a large decrease in short interest during the month of December. As of December 31st, there was short interest totaling 13,428 shares, a decrease of 67.2% from the December 15th total of 40,931 shares. Currently, 4.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 50,214 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 50,214 shares, the short-interest ratio is presently 0.3 days. Currently, 4.5% of the shares of the stock are short sold.

Direxion Daily NFLX Bear 1X Shares Stock Performance

Shares of Direxion Daily NFLX Bear 1X Shares stock traded up $0.11 on Thursday, hitting $18.41. 20,212 shares of the company traded hands, compared to its average volume of 38,845. Direxion Daily NFLX Bear 1X Shares has a 12-month low of $12.52 and a 12-month high of $20.80. The firm’s 50-day simple moving average is $16.45 and its 200 day simple moving average is $14.78.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.1617 per share. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.65 annualized dividend and a yield of 3.5%.

Hedge Funds Weigh In On Direxion Daily NFLX Bear 1X Shares

Several institutional investors have recently modified their holdings of NFXS. Spire Wealth Management purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at about $52,000. StoneX Group Inc. purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares during the second quarter worth approximately $189,000. Jane Street Group LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter worth approximately $655,000. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily NFLX Bear 1X Shares by 1,901.0% in the 3rd quarter. Optiver Holding B.V. now owns 59,410 shares of the company’s stock worth $822,000 after acquiring an additional 56,441 shares during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the 2nd quarter valued at $1,543,000.

Direxion Daily NFLX Bear 1X Shares Company Profile

The Direxion Daily NFLX Bear 1X Shares (NFXS) is an exchange-traded fund that mostly invests in communication services equity. The fund provides inverse (-1x) exposure, less fees and expenses, to the daily price movement for shares of Netflix stock. NFXS was launched on Oct 3, 2024 and is issued by Direxion.