Short Interest in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Declines By 90.1%

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the recipient of a large drop in short interest during the month of April. As of April 15th, there was short interest totaling 4,048 shares, a drop of 90.1% from the March 31st total of 40,893 shares. Approximately 2.4% of the shares of the company are sold short. Based on an average daily trading volume, of 66,442 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of Direxion Daily XOM Bull 2X Shares

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

Direxion Daily XOM Bull 2X Shares Price Performance

Shares of XOMX stock traded down $1.06 during midday trading on Friday, hitting $42.25. The company had a trading volume of 18,467 shares, compared to its average volume of 49,042. The company’s 50 day simple moving average is $46.70 and its 200 day simple moving average is $36.10. Direxion Daily XOM Bull 2X Shares has a 52-week low of $22.13 and a 52-week high of $60.28. The stock has a market cap of $7.18 million, a price-to-earnings ratio of 12.94 and a beta of -3.66.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Tuesday, March 24th were paid a $0.1619 dividend. This represents a $0.65 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, March 24th.

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.