Direxion Daily NFLX Bear 1X Shares

NFXS

Market cap $7.85M

After beating Q1 and Q2 earnings, the question heading into Netflix's Q3 earnings was if the streaming company could sustain its momentum. That didn't appear to be the case after it missed its earnings expectations following the closing bell on Tuesday, October 21.

Editor's note: Any and all references to time frames longer than one trading day are for purposes of market context only, and not recommendations of any holding time frame. Daily rebalancing ETFs are not meant to be held unmonitored for long periods.

On Thursday, Direxion expanded its single-stock leveraged and inverse ETF selection with new funds that focus on Netflix and Taiwan Semiconductor Manufacturing Company Limited (TSMC). Staying Engaged With Streaming Looking at Netflix, the Direxion Daily Direxion Daily NFLX Bull 2X Shares (NFXL) aims to provide 200% of the daily performance of Netflix's common shares.