Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Short Interest Up 593.6% in January

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 87,354 shares, a growth of 593.6% from the January 15th total of 12,595 shares. Currently, 43.7% of the shares of the stock are short sold. Based on an average trading volume of 115,972 shares, the days-to-cover ratio is currently 0.8 days. Based on an average trading volume of 115,972 shares, the days-to-cover ratio is currently 0.8 days. Currently, 43.7% of the shares of the stock are short sold.

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

Several hedge funds have recently bought and sold shares of NFXS. Jane Street Group LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares in the first quarter worth $655,000. StoneX Group Inc. purchased a new stake in Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth about $189,000. 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. Optiver Holding B.V. lifted its holdings in Direxion Daily NFLX Bear 1X Shares by 1,901.0% in the 3rd quarter. Optiver Holding B.V. now owns 59,410 shares of the company’s stock valued at $822,000 after purchasing an additional 56,441 shares in the last quarter. Finally, Spire Wealth Management acquired a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the 4th quarter worth about $52,000.

Direxion Daily NFLX Bear 1X Shares Stock Performance

NASDAQ NFXS traded up $0.54 during mid-day trading on Wednesday, hitting $20.29. The stock had a trading volume of 21,835 shares, compared to its average volume of 77,456. The company has a 50 day simple moving average of $18.09 and a 200 day simple moving average of $15.58. Direxion Daily NFLX Bear 1X Shares has a 52-week low of $12.52 and a 52-week high of $20.61.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1617 per share. This represents a $0.65 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

Direxion Daily NFLX Bear 1X Shares Company Profile

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.