Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading 0.5% Higher – Should You Buy?

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) shares shot 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 were traded during mid-day 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 Stock Performance

The business has a fifty day moving average of $19.24 and a two-hundred day moving average of $18.27.

Direxion Daily NFLX Bear 1X Shares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were given a dividend of $0.1489 per share. This represents a $0.60 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend was Tuesday, June 23rd.

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

Several institutional investors and hedge funds have recently modified their holdings of NFXS. Wakefield Asset Management LLLP acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth about $990,000. Advisory Services Network LLC acquired a new position in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter valued at about $1,543,000. Jane Street Group LLC bought a new position in Direxion Daily NFLX Bear 1X Shares in the 1st quarter valued at about $655,000. Optiver Holding B.V. lifted its position in 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 acquiring an additional 8,854 shares during the last quarter. Finally, IMC Chicago LLC boosted its holdings in shares of Direxion Daily NFLX Bear 1X Shares by 203.7% during the first 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 during the period.

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.