Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Stock Price Down 0.6% – Should You Sell?

Shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) fell 0.6% on Friday . The stock traded as low as $27.32 and last traded at $27.34. 7,088 shares were traded during trading, a decline of 3% from the average session volume of 7,305 shares. The stock had previously closed at $27.51.

Direxion Daily XOM Bull 2X Shares Stock Down 0.6%

The business has a 50 day simple moving average of $27.29 and a 200 day simple moving average of $26.19. The company has a market capitalization of $3.28 million, a PE ratio of 12.94 and a beta of 3.43.

Direxion Daily XOM Bull 2X Shares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a $0.191 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, September 23rd. This is an increase from Direxion Daily XOM Bull 2X Shares’s previous quarterly dividend of $0.12.

Institutional Trading of Direxion Daily XOM Bull 2X Shares

An institutional investor recently raised its position in Direxion Daily XOM Bull 2X Shares stock. Optiver Holding B.V. raised its stake in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) by 107.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,747 shares of the company’s stock after purchasing an additional 8,657 shares during the quarter. Optiver Holding B.V. owned about 12.88% of Direxion Daily XOM Bull 2X Shares worth $435,000 at the end of the most recent reporting period.

About Direxion Daily XOM Bull 2X Shares

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.