Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Shares Down 1.3% – What’s Next?

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) shares traded down 1.3% during trading on Tuesday . The company traded as low as $22.38 and last traded at $22.38. 1,026 shares were traded during mid-day trading, an increase of 916% from the average session volume of 101 shares. The stock had previously closed at $22.67.

Direxion Daily XOM Bear 1X Shares Price Performance

The company has a 50 day moving average price of $23.55 and a 200 day moving average price of $24.34.

Direxion Daily XOM Bear 1X Shares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Tuesday, September 23rd were given a $0.2229 dividend. The ex-dividend date was Tuesday, September 23rd. This is a positive change from Direxion Daily XOM Bear 1X Shares’s previous quarterly dividend of $0.14. This represents a $0.89 dividend on an annualized basis and a yield of 4.0%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily XOM Bear 1X Shares stock. Optiver Holding B.V. lifted its holdings in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,049 shares of the company’s stock after buying an additional 2,040 shares during the quarter. Optiver Holding B.V. owned about 2.05% of Direxion Daily XOM Bear 1X Shares worth $48,000 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.