Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX – Get Free Report) saw a significant decline in short interest in the month of August. As of August 31st, there was short interest totaling 600 shares, a decline of 88.5% from the August 15th total of 5,201 shares. Based on an average daily trading volume, of 20,407 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.3% of the company’s shares are short sold.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X ETF stock. Bank of America Corp DE bought a new stake in Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX – Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned 16.67% of Direxion Daily XOM Bull 2X ETF as of its most recent SEC filing.
Direxion Daily XOM Bull 2X ETF Price Performance
XOMX stock traded up $0.54 during trading on Thursday, reaching $49.96. The company had a trading volume of 21,210 shares, compared to its average volume of 35,875. Direxion Daily XOM Bull 2X ETF has a 52 week low of $24.92 and a 52 week high of $60.28. The business has a 50 day moving average of $44.30 and a 200 day moving average of $44.13. The company has a market cap of $9.99 million, a P/E ratio of 12.94 and a beta of -2.38.
About Direxion Daily XOM Bull 2X ETF
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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