Short Interest in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Rises By 447.6%

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 18,492 shares, an increase of 447.6% from the January 15th total of 3,377 shares. Approximately 10.9% of the shares of the company are sold short. Based on an average trading volume of 35,031 shares, the days-to-cover ratio is currently 0.5 days. Based on an average trading volume of 35,031 shares, the days-to-cover ratio is currently 0.5 days. Approximately 10.9% of the shares of the company are sold short.

Direxion Daily XOM Bull 2X Shares Price Performance

Shares of XOMX stock opened at $44.39 on Friday. The company has a market capitalization of $7.55 million, a price-to-earnings ratio of 12.94 and a beta of 3.43. Direxion Daily XOM Bull 2X Shares has a one year low of $22.13 and a one year high of $48.12. The company’s fifty day moving average price is $33.17 and its 200-day moving average price is $28.65.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a $0.186 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a dividend yield of 1.7%.

Institutional Trading of Direxion Daily XOM Bull 2X Shares

A hedge fund recently raised its stake in Direxion Daily XOM Bull 2X Shares stock. Optiver Holding B.V. boosted its position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) by 107.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 16,747 shares of the company’s stock after buying 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.