Short Interest in Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Drops By 16.5%

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the target of a significant drop in short interest during the month of March. As of March 31st, there was short interest totaling 7,815 shares, a drop of 16.5% from the March 15th total of 9,354 shares. Currently, 2.0% of the company’s shares are sold short. Based on an average daily volume of 40,560 shares, the short-interest ratio is presently 0.2 days.

Direxion Daily NFLX Bear 1X Shares Stock Up 9.7%

NASDAQ NFXS traded up $1.42 during trading on Friday, hitting $16.01. The stock had a trading volume of 222,394 shares, compared to its average volume of 79,771. Direxion Daily NFLX Bear 1X Shares has a one year low of $12.52 and a one year high of $21.53. The stock has a 50 day simple moving average of $17.44 and a 200 day simple moving average of $16.71.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.081 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.32 annualized dividend and a yield of 2.0%.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

Several institutional investors have recently added to or reduced their stakes in NFXS. Spire Wealth Management bought a new stake in Direxion Daily NFLX Bear 1X Shares in the fourth quarter worth about $52,000. StoneX Group Inc. bought a new stake in Direxion Daily NFLX Bear 1X Shares in the second quarter worth about $189,000. IMC Chicago LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the fourth quarter valued at approximately $351,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter valued at approximately $655,000. Finally, Optiver Holding B.V. raised its stake in shares of 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 valued at $822,000 after acquiring an additional 56,441 shares in 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.