Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Shares Down 2.9% – Time to Sell?

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS)’s stock price fell 2.9% during mid-day trading on Tuesday . The stock traded as low as $14.76 and last traded at $14.82. 42,163 shares changed hands during mid-day trading, a decline of 44% from the average session volume of 75,084 shares. The stock had previously closed at $15.26.

Direxion Daily NFLX Bear 1X Shares Price Performance

The business has a 50 day moving average price of $17.73 and a 200 day moving average price of $16.73.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.081 dividend. This represents a $0.32 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, March 24th.

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

Hedge funds have recently modified their holdings of the business. Advisory Services Network LLC bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth about $1,543,000. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the fourth quarter worth about $990,000. 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 worth $822,000 after buying an additional 56,441 shares in the last quarter. Jane Street Group LLC bought a new position in Direxion Daily NFLX Bear 1X Shares during the first quarter valued at about $655,000. Finally, IMC Chicago LLC acquired a new position in Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at approximately $351,000.

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.