Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Short Interest Up 593.6% in January

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) saw a significant growth in short interest during the month of January. As of January 30th, there was short interest totaling 87,354 shares, a growth of 593.6% from the January 15th total of 12,595 shares. Currently, 43.7% of the shares of the company are sold short. Based on an average trading volume of 115,972 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 115,972 shares, the days-to-cover ratio is currently 0.8 days. Currently, 43.7% of the shares of the company are sold short.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

Large investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC bought a new stake in Direxion Daily NFLX Bear 1X Shares in the second quarter worth about $1,543,000. Wakefield Asset Management LLLP bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter valued at approximately $990,000. IMC Chicago LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth approximately $351,000. StoneX Group Inc. bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth approximately $189,000. Finally, Jane Street Group LLC purchased a new position in Direxion Daily NFLX Bear 1X Shares in the first quarter valued at approximately $655,000.

Direxion Daily NFLX Bear 1X Shares Stock Down 0.8%

NFXS stock traded down $0.16 during midday trading on Tuesday, hitting $19.75. The company’s stock had a trading volume of 89,199 shares, compared to its average volume of 79,521. The stock’s 50-day moving average price is $18.09 and its 200 day moving average price is $15.58. Direxion Daily NFLX Bear 1X Shares has a 1 year low of $12.52 and a 1 year high of $20.61.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1617 per share. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.3%. 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.