Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Short Interest Up 4,244.4% in February

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) was the target of a large growth in short interest in February. As of February 13th, there was short interest totaling 391 shares, a growth of 4,244.4% from the January 29th total of 9 shares. Currently, 0.4% of the shares of the stock are short sold. Based on an average trading volume of 4,140 shares, the days-to-cover ratio is currently 0.1 days. Based on an average trading volume of 4,140 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.4% of the shares of the stock are short sold.

Direxion Daily XOM Bear 1X Shares Stock Up 0.2%

XOMZ traded up $0.03 during trading on Wednesday, reaching $17.48. 1,777 shares of the stock were exchanged, compared to its average volume of 2,626. Direxion Daily XOM Bear 1X Shares has a 1 year low of $16.80 and a 1 year high of $26.49. The business’s 50 day moving average price is $19.87 and its two-hundred day moving average price is $22.21.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were issued a dividend of $0.1692 per share. This represents a $0.68 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, December 23rd.

Institutional Trading of Direxion Daily XOM Bear 1X Shares

An institutional investor recently bought a new position in Direxion Daily XOM Bear 1X Shares stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned about 25.00% of Direxion Daily XOM Bear 1X Shares as of its most recent filing with the SEC.

About Direxion Daily XOM Bear 1X Shares

Direxion Daily XOM Bear 1X Shares is an inverse exchange-traded fund (ETF) designed to seek daily investment results, before fees and expenses, of 100% of the inverse (opposite) of the performance of Exxon Mobil Corporation (NYSE: XOM) common shares. It provides investors with the ability to profit from or hedge against declines in Exxon Mobil’s stock price on a daily basis. This ETF is intended for experienced investors who understand the risks of inverse ETFs, including daily resetting and compounding effects, and who actively manage their positions.