Direxion Daily NFLX Bear 1X ETF
NFXS
NASDAQ Global Market- -
USD
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Capital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City NY United States of America 10019
- IPO Date
- Oct 3, 2024
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily NFLX Bear 1X Shares (NFXS) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (or opposite) of the daily performance of the common shares of Netflix, Inc. (NASDAQ: NFLX). The fund, under normal circumstances, invests at least 80% of its net assets in financial instruments including swap agreements, options, derivatives offsets, and cash management instruments such as Dreyfus Government Cash Management and Goldman Sachs Treasury funds that, in combination, provide 1X daily inverse exposure to NFLX; its portfolio typically comprises nine holdings with top allocations to derivatives swaps (negative exposure ranging from -16% to -30%) and government cash equivalents. Launched on October 3, 2024, and domiciled in the United States, NFXS trades on the Nasdaq exchange and targets investors seeking short-term tactical exposure to the communication services sector, specifically media and entertainment via large-cap Netflix stock, with a net expense ratio of 0.95% (excluding certain costs) under an operating expense limitation agreement through September 1, 2026. NFXS forms part of Direxion Shares ETF Trust, managed by Rafferty Asset Management, LLC, with headquarters operations linked to New York. The fund operates in the leveraged and inverse ETF segment, providing domestic U.S. market access without currency hedging, and emphasizes daily goals rather than long-term performance due to compounding effects and volatility impacts from the underlying NFLX stock. In recent developments, Direxion launched NFXS alongside the complementary Direxion Daily NFLX Bull 2X Shares (NFXL) in October 2024 as part of its expanded suite of single-stock leveraged and inverse ETFs, enabling paired bull-bear trading strategies on Netflix. The fund has issued quarterly distributions, including income dividends of $0.17135 (December 2024), $0.15377 (March 2025), and $0.08059 (June 2025), alongside a short-term capital gain of $0.05972 in December 2024. As of mid-2025, total net assets stood at approximately $7.26 million with around 300,000 shares outstanding, reflecting ongoing growth amid volatile NFLX performance.