Short Interest in Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Decreases By 58.0%

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) saw a significant drop in short interest in July. As of July 31st, there was short interest totaling 5,668 shares, a drop of 58.0% from the July 15th total of 13,493 shares. Based on an average daily trading volume, of 60,714 shares, the days-to-cover ratio is currently 0.1 days. Approximately 2.3% of the shares of the company are sold short.

Direxion Daily NFLX Bear 1X Shares Trading Up 0.4%

Shares of Direxion Daily NFLX Bear 1X Shares stock traded up $0.08 during trading on Friday, reaching $19.60. The company’s stock had a trading volume of 3,814 shares, compared to its average volume of 55,095. The business’s 50-day moving average price is $20.67 and its 200-day moving average price is $18.77. Direxion Daily NFLX Bear 1X Shares has a 52 week low of $13.29 and a 52 week high of $23.28.

Direxion Daily NFLX Bear 1X Shares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 23rd were paid a $0.1489 dividend. The ex-dividend date was Tuesday, June 23rd. This represents a $0.60 annualized dividend and a yield of 3.0%.

Institutional Trading of Direxion Daily NFLX Bear 1X Shares

A number of institutional investors have recently bought and sold shares of NFXS. StoneX Group Inc. acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth approximately $189,000. IMC Chicago LLC acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the fourth quarter valued at approximately $351,000. Optiver Holding B.V. raised its position in shares of Direxion Daily NFLX Bear 1X Shares by 33.8% in the first quarter. Optiver Holding B.V. now owns 35,084 shares of the company’s stock valued at $575,000 after buying an additional 8,854 shares in the last quarter. Jane Street Group LLC bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the first quarter valued at approximately $655,000. Finally, Wakefield Asset Management LLLP bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares in the fourth quarter valued at approximately $990,000.

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.