Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Short Interest Down 38.2% in March

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the recipient of a large decline in short interest in March. As of March 13th, there was short interest totaling 11,062 shares, a decline of 38.2% from the February 26th total of 17,897 shares. Currently, 6.5% of the shares of the stock are short sold. Based on an average trading volume of 78,033 shares, the short-interest ratio is presently 0.1 days.

Direxion Daily XOM Bull 2X Shares Stock Performance

NASDAQ:XOMX opened at $53.15 on Friday. The company has a market cap of $9.04 million, a price-to-earnings ratio of 12.94 and a beta of 3.43. Direxion Daily XOM Bull 2X Shares has a fifty-two week low of $22.13 and a fifty-two week high of $54.39. The stock has a fifty day moving average price of $43.53 and a 200-day moving average price of $33.10.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be paid a $0.1619 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend is Tuesday, March 24th.

Institutional Investors Weigh In On Direxion Daily XOM Bull 2X Shares

An institutional investor recently raised its position in Direxion Daily XOM Bull 2X Shares stock. Optiver Holding B.V. grew its holdings in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) by 107.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 16,747 shares of the company’s stock after purchasing an additional 8,657 shares during the period. Optiver Holding B.V. owned approximately 12.88% of Direxion Daily XOM Bull 2X Shares worth $435,000 as of its most recent SEC filing.

About Direxion Daily XOM Bull 2X Shares

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.