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 drop in short interest in the month of February. As of February 13th, there was short interest totaling 19,713 shares, a drop of 77.4% from the January 29th total of 87,354 shares. Approximately 9.9% of the company’s stock are short sold. Based on an average daily volume of 60,952 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 60,952 shares, the short-interest ratio is currently 0.3 days. Approximately 9.9% of the company’s stock are short sold.

Direxion Daily NFLX Bear 1X Shares Price Performance

NFXS traded down $0.15 during trading hours on Thursday, reaching $19.33. 21,043 shares of the stock traded hands, compared to its average volume of 77,284. Direxion Daily NFLX Bear 1X Shares has a fifty-two week low of $12.52 and a fifty-two week high of $21.53. The firm’s fifty day simple moving average is $18.95 and its two-hundred day simple moving average is $16.07.

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 dividend yield of 3.3%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Advisory Services Network LLC bought a new position in Direxion Daily NFLX Bear 1X Shares during the second quarter worth $1,543,000. Optiver Holding B.V. boosted its position 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 worth $822,000 after buying an additional 56,441 shares during the period. Wakefield Asset Management LLLP bought a new position in Direxion Daily NFLX Bear 1X Shares in the 4th quarter worth approximately $990,000. Jane Street Group LLC acquired a new stake in Direxion Daily NFLX Bear 1X Shares in the 1st quarter valued at approximately $655,000. Finally, IMC Chicago LLC bought a new stake in Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at $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.