Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) Stock Price Up 0.2% – Time to Buy?

Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) shot up 0.2% on Tuesday. The stock traded as high as $21.38 and last traded at $21.38. 2,177 shares changed hands during mid-day trading, a decline of 95% from the average daily volume of 46,232 shares. The stock had previously closed at $21.34.

Direxion Daily NFLX Bear 1X ETF Trading Down 2.8%

The company’s 50 day moving average is $20.24 and its 200-day moving average is $19.31.

Institutional Trading of Direxion Daily NFLX Bear 1X ETF

An institutional investor recently raised its position in Direxion Daily NFLX Bear 1X ETF stock. IMC Chicago LLC lifted its stake in Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) by 203.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 61,642 shares of the company’s stock after acquiring an additional 41,342 shares during the period. IMC Chicago LLC owned 20.55% of Direxion Daily NFLX Bear 1X ETF worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

About Direxion Daily NFLX Bear 1X ETF

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.