Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Stock Price Up 2.7% – What’s Next?

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) shares shot up 2.7% during trading on Monday . The stock traded as high as $44.92 and last traded at $44.59. 39,023 shares were traded during mid-day trading, a decline of 3% from the average session volume of 40,293 shares. The stock had previously closed at $43.42.

Direxion Daily XOM Bull 2X Shares Stock Performance

The firm has a market capitalization of $7.58 million, a price-to-earnings ratio of 12.94 and a beta of 3.43. The company has a 50 day moving average price of $32.09 and a two-hundred day moving average price of $28.26.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given 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 1.7%.

Institutional Trading of Direxion Daily XOM Bull 2X Shares

An institutional investor recently bought a new position in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE purchased a new position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned about 16.67% of Direxion Daily XOM Bull 2X Shares as of its most recent SEC filing.

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.