Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Sees Large Growth in Short Interest

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZGet 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

A hedge fund recently bought a new position in Direxion Daily XOM Bear 1X Shares stock. Bank of America Corp DE bought a new position in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZFree Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned approximately 25.00% of Direxion Daily XOM Bear 1X Shares at the end of the most recent reporting period.

About Direxion Daily XOM Bear 1X Shares

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Direxion Daily XOM Bear 1X Shares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Direxion Daily XOM Bear 1X Shares and related companies with MarketBeat.com's FREE daily email newsletter.