Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) Shares Down 4.8% – Should You Sell?

Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) fell 4.8% during trading on Wednesday. The stock traded as low as $22.46 and last traded at $22.53. Approximately 12,909 shares changed hands during mid-day trading, a decline of 71% from the average daily volume of 43,921 shares. The stock had previously closed at $23.67.

Direxion Daily NFLX Bear 1X ETF Stock Down 4.8%

The firm’s 50 day moving average is $21.21 and its two-hundred day moving average is $19.39.

Institutional Trading of Direxion Daily NFLX Bear 1X ETF

A hedge fund recently raised its position in Direxion Daily NFLX Bear 1X ETF stock. Optiver Holding B.V. grew its position in Direxion Daily NFLX Bear 1X ETF (NASDAQ:NFXS) by 33.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,084 shares of the company’s stock after acquiring an additional 8,854 shares during the period. Optiver Holding B.V. owned about 11.69% of Direxion Daily NFLX Bear 1X ETF worth $575,000 at the end of the most recent quarter.

Direxion Daily NFLX Bear 1X ETF 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.