Short Interest in Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Drops By 58.0%

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the recipient of a large decline in short interest in the month of July. As of July 31st, there was short interest totaling 5,668 shares, a decline of 58.0% from the July 15th total of 13,493 shares. Currently, 2.3% of the company’s shares are sold short. Based on an average daily volume of 60,714 shares, the short-interest ratio is currently 0.1 days.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth about $1,543,000. Wakefield Asset Management LLLP acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at about $990,000. IMC Chicago LLC boosted its position in shares of Direxion Daily NFLX Bear 1X Shares by 203.7% during the 1st quarter. IMC Chicago LLC now owns 61,642 shares of the company’s stock valued at $1,010,000 after purchasing an additional 41,342 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the 1st quarter valued at about $655,000. Finally, StoneX Group Inc. acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the second quarter worth approximately $189,000.

Direxion Daily NFLX Bear 1X Shares Trading Up 0.4%

Shares of NASDAQ:NFXS traded up $0.08 during trading on Friday, reaching $19.60. The stock had a trading volume of 3,814 shares, compared to its average volume of 55,095. Direxion Daily NFLX Bear 1X Shares has a 52 week low of $13.29 and a 52 week high of $23.28. The firm’s fifty day moving average is $20.67 and its 200 day moving average is $18.77.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were issued a $0.1489 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.60 annualized dividend and a yield of 3.0%.

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.