Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Shares Up 0.7% – Time to Buy?

Shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) were up 0.7% during trading on Friday . The stock traded as high as $22.80 and last traded at $22.77. Approximately 14 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 101 shares. The stock had previously closed at $22.62.

Direxion Daily XOM Bear 1X Shares Trading Up 0.7%

The stock has a 50-day moving average price of $23.00 and a two-hundred day moving average price of $23.81.

Direxion Daily XOM Bear 1X Shares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Tuesday, September 23rd were issued a dividend of $0.2229 per share. The ex-dividend date was Tuesday, September 23rd. This represents a $0.89 annualized dividend and a yield of 3.9%. This is a boost from Direxion Daily XOM Bear 1X Shares’s previous quarterly dividend of $0.14.

Institutional Trading of Direxion Daily XOM Bear 1X Shares

A hedge fund recently raised its stake in Direxion Daily XOM Bear 1X Shares stock. Optiver Holding B.V. lifted its holdings in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,049 shares of the company’s stock after purchasing an additional 2,040 shares during the quarter. Optiver Holding B.V. owned 2.05% of Direxion Daily XOM Bear 1X Shares worth $48,000 at the end of the most recent quarter.

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.