Wakefield Asset Management LLLP Takes $990,000 Position in Direxion Daily NFLX Bear 1X Shares $NFXS

Wakefield Asset Management LLLP bought a new stake in shares of Direxion Daily NFLX Bear 1X Shares (NASDAQ:NFXS) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 57,299 shares of the company’s stock, valued at approximately $990,000. Wakefield Asset Management LLLP owned approximately 28.65% of Direxion Daily NFLX Bear 1X Shares at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of NFXS. Jane Street Group LLC purchased a new position in shares of Direxion Daily NFLX Bear 1X Shares in the 1st quarter worth about $655,000. StoneX Group Inc. bought a new position in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth about $189,000. Advisory Services Network LLC bought a new position in Direxion Daily NFLX Bear 1X Shares in the 2nd quarter worth about $1,543,000. Optiver Holding B.V. boosted its stake 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 worth $822,000 after purchasing an additional 56,441 shares in the last quarter. Finally, Spire Wealth Management bought a new position in Direxion Daily NFLX Bear 1X Shares in the 4th quarter worth about $52,000.

Direxion Daily NFLX Bear 1X Shares Trading Down 0.1%

Shares of Direxion Daily NFLX Bear 1X Shares stock opened at $17.92 on Friday. The firm’s 50-day moving average is $16.63 and its 200 day moving average is $17.15. Direxion Daily NFLX Bear 1X Shares has a 1 year low of $12.52 and a 1 year high of $21.53.

Direxion Daily NFLX Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were given a $0.081 dividend. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.32 dividend on an annualized basis and a yield of 1.8%.

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.