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

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) saw a significant growth in short interest during the month of December. As of December 15th, there was short interest totaling 40,931 shares, a growth of 23.3% from the November 30th total of 33,201 shares. Approximately 9.5% of the shares of the stock are sold short. Based on an average daily volume of 160,500 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 160,500 shares, the short-interest ratio is currently 0.3 days. Approximately 9.5% of the shares of the stock are sold short.

Direxion Daily NFLX Bear 1X Shares Stock Down 0.1%

Direxion Daily NFLX Bear 1X Shares stock opened at $17.27 on Friday. The stock has a 50-day simple moving average of $15.91 and a 200 day simple moving average of $14.49. Direxion Daily NFLX Bear 1X Shares has a 12-month low of $12.52 and a 12-month high of $21.22.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.1617 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

A number of hedge funds and other institutional investors have recently modified their holdings of NFXS. StoneX Group Inc. bought a new position in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth approximately $189,000. Jane Street Group LLC acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the 1st quarter valued at $655,000. Optiver Holding B.V. raised its position in shares of Direxion Daily NFLX Bear 1X Shares by 1,901.0% during the third quarter. Optiver Holding B.V. now owns 59,410 shares of the company’s stock worth $822,000 after acquiring an additional 56,441 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the second quarter valued at $1,543,000.

About Direxion Daily NFLX Bear 1X Shares

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.