Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Shares Up 1.4% – Here’s Why

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXSGet Free Report) shot up 1.4% on Tuesday . The company traded as high as $19.17 and last traded at $19.14. 9,919 shares were traded during trading, a decline of 85% from the average session volume of 64,236 shares. The stock had previously closed at $18.88.

Direxion Daily NFLX Bear 1X Shares Stock Performance

The firm’s fifty day moving average price is $17.22 and its two-hundred day moving average price is $17.62.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were paid a $0.081 dividend. This represents a $0.32 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

Hedge Funds Weigh In On Direxion Daily NFLX Bear 1X Shares

Several institutional investors and hedge funds have recently modified their holdings of the business. Optiver Holding B.V. increased its holdings in Direxion Daily NFLX Bear 1X Shares by 33.8% in the 1st quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock worth $575,000 after acquiring an additional 8,854 shares in the last quarter. IMC Chicago LLC increased its holdings in Direxion Daily NFLX Bear 1X Shares 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 acquiring an additional 41,342 shares in the last quarter. Wakefield Asset Management LLLP purchased a new stake in Direxion Daily NFLX Bear 1X Shares in the 4th quarter worth $990,000. Spire Wealth Management purchased a new stake in Direxion Daily NFLX Bear 1X Shares in the 4th quarter worth $52,000. Finally, Advisory Services Network LLC purchased a new stake in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth $1,543,000.

About Direxion Daily NFLX Bear 1X Shares

(Get Free Report)

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.

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