Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX – Get Free Report) was the recipient of a large drop in short interest in the month of August. As of August 31st, there was short interest totaling 600 shares, a drop of 88.5% from the August 15th total of 5,201 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 20,407 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On Direxion Daily XOM Bull 2X ETF
A hedge fund recently bought a new position in Direxion Daily XOM Bull 2X ETF stock. Bank of America Corp DE bought a new stake in shares of Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX – Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned 16.67% of Direxion Daily XOM Bull 2X ETF at the end of the most recent quarter.
Direxion Daily XOM Bull 2X ETF Stock Performance
Shares of Direxion Daily XOM Bull 2X ETF stock opened at $50.30 on Friday. The company has a market capitalization of $10.06 million, a P/E ratio of 12.94 and a beta of -2.38. The company has a fifty day moving average of $44.61 and a 200 day moving average of $44.17. Direxion Daily XOM Bull 2X ETF has a fifty-two week low of $24.92 and a fifty-two week high of $60.28.
Direxion Daily XOM Bull 2X ETF Company Profile
Direxion Daily XOM Bull 2X Shares is a leveraged exchange-traded fund (ETF) designed to provide daily investment results, before fees and expenses, of 200% of the performance of Exxon Mobil Corporation (NYSE: XOM) common shares. This fund offers amplified exposure to Exxon Mobil stock for active traders aiming to capitalize on short-term price movements. It is intended for knowledgeable investors who understand the risks of leverage, including volatility and compounding effects, and who actively monitor their portfolios.
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