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

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) saw a significant decline in short interest during the month of 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. Based on an average trading volume of 78,033 shares, the days-to-cover ratio is presently 0.1 days. Currently, 6.5% of the shares of the stock are sold short.

Direxion Daily XOM Bull 2X Shares Stock Up 7.1%

XOMX opened at $56.94 on Friday. The firm has a market cap of $9.68 million, a P/E ratio of 12.94 and a beta of 3.43. Direxion Daily XOM Bull 2X Shares has a 52 week low of $22.13 and a 52 week high of $56.99. The business’s fifty day simple moving average is $44.00 and its 200 day simple moving average is $33.32.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th will be issued a $0.1619 dividend. This represents a $0.65 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date is Tuesday, March 24th.

Hedge Funds 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. lifted its position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) by 107.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 16,747 shares of the company’s stock after buying an additional 8,657 shares during the period. Optiver Holding B.V. owned 12.88% of Direxion Daily XOM Bull 2X Shares worth $435,000 as of its most recent SEC filing.

Direxion Daily XOM Bull 2X Shares Company Profile

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.