Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Sees Significant Growth in Short Interest

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the target of a significant increase in short interest in January. As of January 30th, there was short interest totaling 18,492 shares, an increase of 447.6% from the January 15th total of 3,377 shares. Based on an average daily volume of 35,031 shares, the short-interest ratio is currently 0.5 days. Currently, 10.9% of the company’s stock are sold short. Currently, 10.9% of the company’s stock are sold short. Based on an average daily volume of 35,031 shares, the short-interest ratio is currently 0.5 days.

Direxion Daily XOM Bull 2X Shares Price Performance

Direxion Daily XOM Bull 2X Shares stock opened at $45.21 on Wednesday. Direxion Daily XOM Bull 2X Shares has a 1-year low of $22.13 and a 1-year high of $45.29. The business has a fifty day moving average price of $32.45 and a 200-day moving average price of $28.40. The stock has a market capitalization of $7.69 million, a price-to-earnings ratio of 12.94 and a beta of 3.43.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a dividend of $0.186 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%.

Institutional Investors Weigh In On Direxion Daily XOM Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE bought a new stake in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned 16.67% of Direxion Daily XOM Bull 2X Shares at the end of the most recent reporting period.

Direxion Daily XOM Bull 2X Shares Company Profile

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.