Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ – Get Free Report) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,111 shares, a growth of 417.1% from the February 26th total of 795 shares. Approximately 4.1% of the company’s stock are short sold. Based on an average daily volume of 12,567 shares, the short-interest ratio is currently 0.3 days. Based on an average daily volume of 12,567 shares, the short-interest ratio is currently 0.3 days. Approximately 4.1% of the company’s stock are short sold.
Hedge Funds Weigh In On 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 acquired a new stake in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 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 Securities and Exchange Commission.
Direxion Daily XOM Bear 1X Shares Stock Down 3.2%
XOMZ stock traded down $0.51 during midday trading on Tuesday, reaching $15.68. The company had a trading volume of 34,421 shares, compared to its average volume of 5,702. Direxion Daily XOM Bear 1X Shares has a 1 year low of $15.47 and a 1 year high of $26.49. The company has a 50 day moving average of $17.98 and a two-hundred day moving average of $21.21.
Direxion Daily XOM Bear 1X Shares Cuts Dividend
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.
Recommended Stories
Receive News & Ratings for Direxion Daily XOM Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily XOM Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.
