Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading Up 3.4% – Still a Buy?

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS)’s stock price shot up 3.4% on Tuesday . The company traded as high as $20.35 and last traded at $20.28. 30,126 shares changed hands during mid-day trading, a decline of 64% from the average session volume of 83,165 shares. The stock had previously closed at $19.62.

Direxion Daily NFLX Bear 1X Shares Stock Up 3.4%

The business’s 50 day moving average price is $17.62 and its 200 day moving average price is $15.37.

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 given a $0.1617 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 3.2%. The ex-dividend date of this dividend was Tuesday, December 23rd.

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

A number of institutional investors and hedge funds have recently modified their holdings of the company. Advisory Services Network LLC purchased a new stake in Direxion Daily NFLX Bear 1X Shares during the second quarter valued at $1,543,000. Optiver Holding B.V. increased its position in shares of Direxion Daily NFLX Bear 1X Shares by 1,901.0% during 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 during the last quarter. Jane Street Group LLC bought a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 1st quarter worth approximately $655,000. IMC Chicago LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the fourth quarter worth approximately $351,000. Finally, StoneX Group Inc. bought a new stake in Direxion Daily NFLX Bear 1X Shares during the second quarter valued at approximately $189,000.

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.