Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Sees Significant Drop in Short Interest

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) saw a significant decrease in short interest in February. As of February 27th, there was short interest totaling 12,971 shares, a decrease of 34.2% from the February 12th total of 19,713 shares. Based on an average daily trading volume, of 124,867 shares, the short-interest ratio is currently 0.1 days. Approximately 6.5% of the company’s shares are sold short. Approximately 6.5% of the company’s shares are sold short. Based on an average daily trading volume, of 124,867 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Spire Wealth Management purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the fourth quarter valued at $52,000. StoneX Group Inc. bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth $189,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at $351,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter worth $655,000. Finally, Optiver Holding B.V. grew its position in 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 worth $822,000 after purchasing an additional 56,441 shares during the last quarter.

Direxion Daily NFLX Bear 1X Shares Trading Down 1.1%

Direxion Daily NFLX Bear 1X Shares stock traded down $0.18 during mid-day trading on Friday, hitting $16.63. The company had a trading volume of 140,398 shares, compared to its average volume of 91,241. The stock’s 50 day moving average price is $18.75 and its two-hundred day moving average price is $16.29. Direxion Daily NFLX Bear 1X Shares has a 12 month low of $12.52 and a 12 month high of $21.53.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.1617 dividend. This represents a $0.65 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, December 23rd.

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.