Short Interest in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Expands By 103.3%

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZGet 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

A hedge fund recently bought a new stake 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:XOMZFree Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned approximately 25.00% of Direxion Daily XOM Bear 1X Shares at the end of the most recent quarter.

About Direxion Daily XOM Bear 1X Shares

(Get Free Report)

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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