Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Shares Up 0.5% – Here’s Why

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXSGet Free Report)’s share price traded up 0.5% during mid-day trading on Tuesday . The company traded as high as $21.24 and last traded at $20.95. Approximately 25,828 shares changed hands during trading, a decline of 55% from the average daily volume of 57,762 shares. The stock had previously closed at $20.84.

Direxion Daily NFLX Bear 1X Shares Price Performance

The company’s 50-day simple moving average is $19.30 and its 200 day simple moving average is $18.30.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NFXS. IMC Chicago LLC increased its holdings in 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 worth $1,010,000 after purchasing an additional 41,342 shares during the period. Wakefield Asset Management LLLP purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 4th quarter valued at about $990,000. Advisory Services Network LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 2nd quarter valued at about $1,543,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter worth about $655,000. Finally, Optiver Holding B.V. grew its position in shares of Direxion Daily NFLX Bear 1X Shares by 33.8% during the first 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.

Direxion Daily NFLX Bear 1X Shares Company Profile

(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.

Further Reading

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