Short Interest in Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Declines By 67.2%

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the target of a large drop in short interest in December. As of December 31st, there was short interest totaling 13,428 shares, a drop 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 trading volume of 50,214 shares, the short-interest ratio is currently 0.3 days. Based on an average trading volume of 50,214 shares, the short-interest ratio is currently 0.3 days. Currently, 4.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Direxion Daily NFLX Bear 1X Shares

A number of hedge funds have recently made changes to their positions in NFXS. Spire Wealth Management bought a new position in Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at approximately $52,000. Optiver Holding B.V. grew its position in Direxion Daily NFLX Bear 1X Shares by 1,901.0% during 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. Advisory Services Network LLC acquired a new position in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth about $1,543,000. StoneX Group Inc. acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the second quarter valued at about $189,000. Finally, Jane Street Group LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter worth about $655,000.

Direxion Daily NFLX Bear 1X Shares Trading Up 1.8%

Shares of NFXS traded up $0.33 during midday trading on Wednesday, hitting $18.30. The company’s stock had a trading volume of 37,749 shares, compared to its average volume of 40,928. Direxion Daily NFLX Bear 1X Shares has a one year low of $12.52 and a one year high of $21.01. The company’s fifty day simple moving average is $16.39 and its two-hundred day simple moving average is $14.75.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a $0.1617 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date was Tuesday, December 23rd.

About Direxion Daily NFLX Bear 1X Shares

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.