Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) Trading Up 0.8% – What’s Next?

Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) shares traded up 0.8% during trading on Wednesday . The stock traded as high as $20.01 and last traded at $19.99. Approximately 7,704 shares changed hands during mid-day trading, a decline of 85% from the average daily volume of 50,830 shares. The stock had previously closed at $19.83.

Direxion Daily NFLX Bear 1X ETF Trading Down 1.8%

The firm’s 50 day simple moving average is $20.26 and its two-hundred day simple moving average is $18.63.

Institutional Trading of Direxion Daily NFLX Bear 1X ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in NFXS. Advisory Services Network LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X ETF during the second quarter worth $1,543,000. IMC Chicago LLC grew its position in Direxion Daily NFLX Bear 1X ETF by 203.7% in the 1st quarter. IMC Chicago LLC now owns 61,642 shares of the company’s stock worth $1,010,000 after purchasing an additional 41,342 shares during the last quarter. Wakefield Asset Management LLLP acquired a new stake in Direxion Daily NFLX Bear 1X ETF during the fourth quarter worth about $990,000. Jane Street Group LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X ETF during the first quarter valued at approximately $655,000. Finally, Optiver Holding B.V. increased its holdings in Direxion Daily NFLX Bear 1X ETF by 33.8% in the 1st 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 period.

About Direxion Daily NFLX Bear 1X ETF

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.