Direxion Daily NFLX Bear 1X ETF (NFXS)
Direxion Daily NFLX Bear 1X ETF operates in the Asset Management - Leveraged industry of the Financial Services sector, headquartered in New York City, NY, US. The stock last traded at $21.19, up 0.94% on the session, giving a market capitalisation of $4.8M. Its beta of -0.29 implies it has historically moved less than the broad market.
These Direxion ETFs are structured to provide specific daily returns linked to the performance of Netflix, Inc. (NASDAQ: NFLX) stock. The Direxion Daily NFLX Bull 2X ETF targets daily investment results that are double (200%) the percentage change of Netflix shares. Conversely, the Direxion Daily NFLX Bear 1X ETF aims for daily returns equal to the inverse (opposite) of Netflix's daily stock movement. It's important to note that these objectives are measured prior to the deduction of any fees and expenses.
Direxion Daily NFLX Bear 1X ETF is most often compared with the following Financial Services names: