Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) Trading 3.6% Higher – Here’s What Happened

Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) rose 3.6% during trading on Friday . The stock traded as high as $14.83 and last traded at $14.78. Approximately 73,186 shares traded hands during mid-day trading, a decline of 60% from the average daily volume of 184,046 shares. The stock had previously closed at $14.26.

Direxion Daily NFLX Bear 1X Shares Stock Up 3.6%

The business’s fifty day moving average is $14.15 and its two-hundred day moving average is $13.97.

Direxion Daily NFLX Bear 1X Shares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were paid a $0.2131 dividend. This represents a $0.85 annualized dividend and a dividend yield of 5.8%. This is a positive change from Direxion Daily NFLX Bear 1X Shares’s previous quarterly dividend of $0.08. The ex-dividend date was Tuesday, September 23rd.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. StoneX Group Inc. purchased a new stake in Direxion Daily NFLX Bear 1X Shares during the 2nd quarter worth about $189,000. Jane Street Group LLC acquired a new position in shares of Direxion Daily NFLX Bear 1X Shares during the first quarter worth about $655,000. Optiver Holding B.V. grew its position in shares of Direxion Daily NFLX Bear 1X Shares by 1,901.0% during the third quarter. Optiver Holding B.V. now owns 59,410 shares of the company’s stock worth $822,000 after buying an additional 56,441 shares in the last quarter. Finally, Advisory Services Network LLC purchased a new stake in shares of Direxion Daily NFLX Bear 1X Shares during the second quarter worth approximately $1,543,000.

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.