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 drop in short interest in February. As of February 27th, there was short interest totaling 12,971 shares, a drop of 34.2% from the February 12th total of 19,713 shares. Currently, 6.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 124,867 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 124,867 shares, the days-to-cover ratio is currently 0.1 days. Currently, 6.5% of the shares of the stock are sold short.

Direxion Daily NFLX Bear 1X Shares Stock Performance

Shares of NASDAQ NFXS traded down $0.18 during mid-day trading on Friday, reaching $16.63. 140,398 shares of the company were exchanged, compared to its average volume of 91,241. Direxion Daily NFLX Bear 1X Shares has a 52 week low of $12.52 and a 52 week high of $21.53. The company’s 50 day moving average price is $18.75 and its 200 day moving average price is $16.29.

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 3.9%.

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

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Spire Wealth Management bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at about $52,000. StoneX Group Inc. bought a new stake in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth approximately $189,000. IMC Chicago LLC purchased a new stake in Direxion Daily NFLX Bear 1X Shares in the fourth quarter worth approximately $351,000. Jane Street Group LLC purchased a new stake in Direxion Daily NFLX Bear 1X Shares in the first quarter worth approximately $655,000. Finally, Optiver Holding B.V. grew its position in Direxion Daily NFLX Bear 1X Shares by 1,901.0% during the third quarter. Optiver Holding B.V. now owns 59,410 shares of the company’s stock valued at $822,000 after acquiring an additional 56,441 shares during the last quarter.

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.