Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Short Interest Update

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 391 shares, a growth of 4,244.4% from the January 29th total of 9 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 4,140 shares, the days-to-cover ratio is presently 0.1 days. Based on an average daily trading volume, of 4,140 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily XOM Bear 1X Shares stock. Optiver Holding B.V. grew its position in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,049 shares of the company’s stock after acquiring an additional 2,040 shares during the quarter. Optiver Holding B.V. owned 2.05% of Direxion Daily XOM Bear 1X Shares worth $48,000 at the end of the most recent reporting period.

Direxion Daily XOM Bear 1X Shares Trading Up 0.2%

Shares of NASDAQ:XOMZ opened at $17.48 on Thursday. The firm’s 50 day simple moving average is $19.77 and its 200 day simple moving average is $22.18. Direxion Daily XOM Bear 1X Shares has a fifty-two week low of $16.80 and a fifty-two week high of $26.49.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The company 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 of this dividend was Tuesday, December 23rd. This represents a $0.68 annualized dividend and a dividend yield of 3.9%.

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.