Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading Up 1.1% – Here’s What Happened

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS)’s share price shot up 1.1% during trading on Thursday . The company traded as high as $20.92 and last traded at $20.85. Approximately 43,682 shares traded hands during mid-day trading, a decline of 23% from the average session volume of 56,882 shares. The stock had previously closed at $20.62.

Direxion Daily NFLX Bear 1X Shares Stock Performance

The company’s 50-day simple moving average is $20.49 and its 200-day simple moving average is $18.71.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1489 dividend. This represents a $0.60 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

Several hedge funds have recently made changes to their positions in NFXS. IMC Chicago LLC boosted its holdings in shares of Direxion Daily NFLX Bear 1X Shares by 203.7% in the first quarter. IMC Chicago LLC now owns 61,642 shares of the company’s stock valued at $1,010,000 after acquiring an additional 41,342 shares in the last quarter. Wakefield Asset Management LLLP acquired a new position in Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth approximately $990,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth approximately $1,543,000. Optiver Holding B.V. raised its stake in shares of Direxion Daily NFLX Bear 1X Shares by 33.8% during the 1st quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock worth $575,000 after buying an additional 8,854 shares in the last quarter. Finally, StoneX Group Inc. acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the 2nd quarter valued at approximately $189,000.

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.