Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX – Get Free Report) was the target of a large increase in short interest in April. As of April 30th, there was short interest totaling 63,919 shares, an increase of 1,479.0% from the April 15th total of 4,048 shares. Based on an average daily trading volume, of 33,964 shares, the short-interest ratio is presently 1.9 days. Approximately 37.6% of the shares of the stock are short sold.
Institutional Investors Weigh In On 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. lifted its holdings in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX – Free Report) by 107.0% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 16,747 shares of the company’s stock after acquiring 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 at the end of the most recent quarter.
Direxion Daily XOM Bull 2X Shares Price Performance
XOMX stock opened at $42.32 on Tuesday. Direxion Daily XOM Bull 2X Shares has a one year low of $22.13 and a one year high of $60.28. The stock has a market cap of $7.19 million, a PE ratio of 12.94 and a beta of -4.20. The firm has a 50 day simple moving average of $46.51 and a two-hundred day simple moving average of $37.34.
Direxion Daily XOM Bull 2X Shares Cuts Dividend
About Direxion Daily XOM Bull 2X Shares
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.
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