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

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

Direxion Daily NFLX Bear 1X Shares Price Performance

Shares of NASDAQ:NFXS traded up $0.23 during midday trading on Monday, hitting $19.77. The stock had a trading volume of 5,892 shares, compared to its average volume of 54,772. Direxion Daily NFLX Bear 1X Shares has a 12 month low of $13.29 and a 12 month high of $23.28. The business’s 50-day simple moving average is $20.67 and its 200-day simple moving average is $18.77.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were given a $0.1489 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, June 23rd.

Institutional Investors Weigh In On Direxion Daily NFLX Bear 1X Shares

A number of institutional investors and hedge funds have recently modified their holdings of the company. StoneX Group Inc. bought a new position in Direxion Daily NFLX Bear 1X Shares during the second quarter worth about $189,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the fourth quarter valued at approximately $351,000. Optiver Holding B.V. lifted its position in shares of Direxion Daily NFLX Bear 1X Shares by 33.8% in the first quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock valued at $575,000 after buying an additional 8,854 shares during the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 1st quarter worth approximately $655,000. Finally, Wakefield Asset Management LLLP bought a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth approximately $990,000.

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.