Short Interest in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Expands By 357.6%

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) was the recipient of a large increase in short interest in the month of March. As of March 31st, there was short interest totaling 18,810 shares, an increase of 357.6% from the March 15th total of 4,111 shares. Based on an average daily trading volume, of 13,240 shares, the days-to-cover ratio is presently 1.4 days. Currently, 18.8% of the shares of the stock are short sold.

Institutional Investors 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 bought a new position in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned 25.00% of Direxion Daily XOM Bear 1X Shares at the end of the most recent reporting period.

Direxion Daily XOM Bear 1X Shares Price Performance

XOMZ stock opened at $16.89 on Friday. The company’s 50-day moving average price is $16.89 and its two-hundred day moving average price is $20.47. Direxion Daily XOM Bear 1X Shares has a 12 month low of $14.73 and a 12 month high of $26.49.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th were issued a dividend of $0.1277 per share. The ex-dividend date of this dividend was Tuesday, March 24th. This represents a $0.51 annualized dividend and a dividend yield of 3.0%.

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.