Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading Up 1.4% – Should You Buy?

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS)’s stock price rose 1.4% on Tuesday . The company traded as high as $19.17 and last traded at $19.14. Approximately 9,919 shares changed hands during trading, a decline of 85% from the average daily volume of 64,236 shares. The stock had previously closed at $18.88.

Direxion Daily NFLX Bear 1X Shares Price Performance

The company’s fifty day moving average is $17.12 and its two-hundred day moving average is $17.57.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.081 per share. This represents a $0.32 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, March 24th.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Spire Wealth Management acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the fourth quarter worth about $52,000. StoneX Group Inc. acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares in the second quarter valued at approximately $189,000. IMC Chicago LLC purchased a new stake in Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth approximately $351,000. Optiver Holding B.V. increased its stake in Direxion Daily NFLX Bear 1X Shares by 33.8% during the 1st 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 during the period. Finally, Jane Street Group LLC acquired a new stake in Direxion Daily NFLX Bear 1X Shares during the 1st quarter worth approximately $655,000.

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.