Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Short Interest Down 77.4% in February

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) saw a significant decline in short interest in February. As of February 13th, there was short interest totaling 19,713 shares, a decline of 77.4% from the January 29th total of 87,354 shares. Currently, 9.9% of the company’s stock are sold short. Based on an average daily trading volume, of 60,952 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 60,952 shares, the short-interest ratio is presently 0.3 days. Currently, 9.9% of the company’s stock are sold short.

Direxion Daily NFLX Bear 1X Shares Trading Down 13.8%

Shares of NASDAQ:NFXS traded down $2.62 on Friday, reaching $16.41. The company had a trading volume of 461,749 shares, compared to its average volume of 91,441. Direxion Daily NFLX Bear 1X Shares has a 52-week low of $12.52 and a 52-week high of $21.53. The firm’s 50 day simple moving average is $18.96 and its 200-day simple moving average is $16.11.

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 given a dividend of $0.1617 per share. This represents a $0.65 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Institutional investors and hedge funds 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 worth approximately $52,000. StoneX Group Inc. purchased a new position in Direxion Daily NFLX Bear 1X Shares in the second quarter worth $189,000. IMC Chicago LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the fourth quarter worth $351,000. Jane Street Group LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the 1st quarter valued at $655,000. Finally, Optiver Holding B.V. lifted its holdings in shares of 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 valued at $822,000 after purchasing 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.