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It is a fund that aims to move in the opposite direction of Netflix shares each day.
This is not a normal company that sells a product or hires a big team. It is a small exchange-traded fund, a basket of investments that trades on a stock exchange like a single stock. Its one job is to deliver the reverse of whatever Netflix does on a given day: if Netflix rises one percent, this fund is built to fall about one percent, and if Netflix falls, it aims to rise.
The people who buy it are traders making a short-term bet that Netflix's shares will drop. Buying this fund is a way to place that bet without doing the tricky financial maneuver of short-selling directly. Customers pay a small ongoing fund fee for the convenience, and they get a product that resets every single day. That daily reset is the part most people miss. Because the fund only promises the opposite of one day's move, its performance over weeks or months does not simply track the total decline of Netflix — it drifts, sometimes badly, as gains and losses compound. So this is a tool for a quick trade, not something you buy and forget about.
The fund is run by AXS Investments, a private asset manager based in the United States. This is a niche, specialized product that appeals to a narrow set of tactical traders rather than long-term investors.
Saved answer · last researched 5 Nov 2026