Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Short Interest Down 42.1% in January

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) was the target of a significant drop in short interest in the month of January. As of January 15th, there was short interest totaling 73 shares, a drop of 42.1% from the December 31st total of 126 shares. Based on an average daily volume of 1,552 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the company’s shares are short sold. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,552 shares, the short-interest ratio is presently 0.0 days.

Direxion Daily XOM Bear 1X Shares Price Performance

Shares of NASDAQ:XOMZ opened at $18.63 on Friday. The business’s 50 day moving average is $21.61 and its 200 day moving average is $23.05. Direxion Daily XOM Bear 1X Shares has a 52-week low of $18.63 and a 52-week high of $26.49.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a $0.1692 dividend. The ex-dividend date was Tuesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.6%.

Hedge Funds Weigh In On Direxion Daily XOM Bear 1X Shares

An institutional investor recently raised its position in Direxion Daily XOM Bear 1X Shares stock. Optiver Holding B.V. raised its position in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,049 shares of the company’s stock after acquiring an additional 2,040 shares during the period. Optiver Holding B.V. owned approximately 2.05% of Direxion Daily XOM Bear 1X Shares worth $48,000 as of its most recent filing with the Securities & Exchange Commission.

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.