Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ – Get Free Report) was the target of a large growth in short interest in February. As of February 27th, there was short interest totaling 795 shares, a growth of 103.3% from the February 12th total of 391 shares. Currently, 0.8% of the shares of the stock are short sold. Based on an average trading volume of 3,547 shares, the short-interest ratio is currently 0.2 days. Based on an average trading volume of 3,547 shares, the short-interest ratio is currently 0.2 days. Currently, 0.8% of the shares of the stock are short sold.
Direxion Daily XOM Bear 1X Shares Trading Down 1.8%
NASDAQ XOMZ opened at $16.69 on Friday. The stock has a 50 day moving average price of $18.59 and a 200-day moving average price of $21.55. Direxion Daily XOM Bear 1X Shares has a one year low of $16.41 and a one year high of $26.49.
Direxion Daily XOM Bear 1X Shares Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.1692 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.68 annualized dividend and a yield of 4.1%.
Hedge Funds Weigh In On Direxion Daily XOM Bear 1X Shares
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.
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