Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Short Interest Up 23.3% in December

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 40,931 shares, a growth of 23.3% from the November 30th total of 33,201 shares. Approximately 9.5% of the shares of the company are short sold. Based on an average daily volume of 160,500 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 160,500 shares, the short-interest ratio is currently 0.3 days. Approximately 9.5% of the shares of the company are short sold.

Direxion Daily NFLX Bear 1X Shares Stock Performance

NASDAQ:NFXS remained flat at $17.28 during mid-day trading on Wednesday. 13,136 shares of the company traded hands, compared to its average volume of 175,327. Direxion Daily NFLX Bear 1X Shares has a 12 month low of $12.52 and a 12 month high of $21.22. The firm’s 50-day moving average is $15.81 and its 200-day moving average is $14.45.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.1617 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.65 annualized dividend and a dividend yield of 3.7%.

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

A number of large investors have recently bought and sold shares of NFXS. StoneX Group Inc. bought a new stake in Direxion Daily NFLX Bear 1X Shares in the second quarter valued at $189,000. Jane Street Group LLC bought a new stake in Direxion Daily NFLX Bear 1X Shares in the first quarter worth $655,000. Optiver Holding B.V. boosted its holdings in Direxion Daily NFLX Bear 1X Shares by 1,901.0% in the third 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 in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the second quarter worth $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.