Direxion Daily NFLX Bear 1X ETF (NFXS)

The Direxion Daily NFLX Bear 1X ETF (NFXS) is a single-stock inverse fund from Direxion. It seeks daily investment results, before fees and expenses, of 100% of the inverse (opposite) of the daily percentage change in the share price of Netflix, Inc.

Netflix operates a global subscription streaming service for films, series and other entertainment. The fund achieves its short exposure mainly through swap agreements, holding cash and short-term instruments as collateral.

The inverse target resets daily, so the fund is designed for daily returns only. Over longer periods its performance can differ meaningfully from the inverse of Netflix's cumulative return.