Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading 1.1% Higher – Time to Buy?

Shares of Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) were up 1.1% during mid-day trading on Thursday . The company traded as high as $20.92 and last traded at $20.85. Approximately 43,682 shares were traded during trading, a decline of 23% from the average daily volume of 56,882 shares. The stock had previously closed at $20.62.

Direxion Daily NFLX Bear 1X Shares Stock Performance

The company has a 50 day moving average price of $20.54 and a 200 day moving average price of $18.73.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a dividend of $0.1489 per share. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.60 annualized dividend and a yield of 2.9%.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

Several large investors have recently bought and sold shares of the company. StoneX Group Inc. acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth $189,000. IMC Chicago LLC acquired a new stake in Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at about $351,000. Optiver Holding B.V. grew its stake in Direxion Daily NFLX Bear 1X Shares by 33.8% in the 1st quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock valued at $575,000 after acquiring an additional 8,854 shares during the last quarter. Jane Street Group LLC purchased a new position in Direxion Daily NFLX Bear 1X Shares during the 1st quarter valued at about $655,000. Finally, Wakefield Asset Management LLLP purchased a new position in Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at about $990,000.

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.