Direxion Daily XOM Bear 1X Shares Declares Quarterly Dividend of $0.13 (NASDAQ:XOMZ)

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) announced a quarterly dividend on Monday, March 23rd, NASDAQ Dividends reports. Investors of record on Tuesday, March 24th will be paid a dividend of 0.1277 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

Direxion Daily XOM Bear 1X Shares Price Performance

NASDAQ XOMZ traded down $0.51 during trading hours on Tuesday, hitting $15.68. The company had a trading volume of 34,421 shares, compared to its average volume of 5,702. Direxion Daily XOM Bear 1X Shares has a fifty-two week low of $15.47 and a fifty-two week high of $26.49. The business has a fifty day simple moving average of $17.98 and a 200-day simple moving average of $21.21.

Institutional Trading of Direxion Daily XOM Bear 1X Shares

A hedge fund recently bought a new stake in Direxion Daily XOM Bear 1X Shares stock. Bank of America Corp DE purchased a new stake in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned about 25.00% of Direxion Daily XOM Bear 1X Shares at the end of the most recent quarter.

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.