Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ – Get Free Report) saw a large growth in short interest in the month of March. As of March 13th, there was short interest totaling 4,111 shares, a growth of 417.1% from the February 26th total of 795 shares. Based on an average trading volume of 12,567 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.1% of the shares of the company are short sold. Approximately 4.1% of the shares of the company are short sold. Based on an average trading volume of 12,567 shares, the days-to-cover ratio is currently 0.3 days.
Direxion Daily XOM Bear 1X Shares Stock Performance
XOMZ traded down $0.51 on Tuesday, reaching $15.68. The company had a trading volume of 34,421 shares, compared to its average volume of 5,702. The company has a fifty day moving average of $17.98 and a 200-day moving average of $21.21. Direxion Daily XOM Bear 1X Shares has a one year low of $15.47 and a one year high of $26.49.
Direxion Daily XOM Bear 1X Shares Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th will be issued a $0.1277 dividend. The ex-dividend date is Tuesday, March 24th. This represents a $0.51 annualized dividend and a dividend yield of 3.3%.
Institutional Investors Weigh In On Direxion Daily XOM Bear 1X Shares
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.
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