Short Interest in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Rises By 103.3%

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) saw a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 795 shares, a growth of 103.3% from the February 12th total of 391 shares. Based on an average daily volume of 3,547 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.8% of the company’s stock are short sold. Approximately 0.8% of the company’s stock are short sold. Based on an average daily volume of 3,547 shares, the days-to-cover ratio is currently 0.2 days.

Direxion Daily XOM Bear 1X Shares Price Performance

Shares of Direxion Daily XOM Bear 1X Shares stock opened at $17.18 on Thursday. Direxion Daily XOM Bear 1X Shares has a 52 week low of $16.41 and a 52 week high of $26.49. The business has a 50 day moving average price of $18.78 and a 200-day moving average price of $21.63.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were paid a $0.1692 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date was Tuesday, December 23rd.

Institutional Investors 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. increased its stake in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% during the third quarter, according to its most recent filing with the SEC. The fund owned 2,049 shares of the company’s stock after buying 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 quarter.

Direxion Daily XOM Bear 1X Shares Company Profile

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.