Short Interest in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Decreases By 42.1%

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) was the target of a significant decline in short interest in the month of January. As of January 15th, there was short interest totaling 73 shares, a decline of 42.1% from the December 31st total of 126 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,552 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 1,552 shares, the short-interest ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

Direxion Daily XOM Bear 1X Shares Stock Performance

XOMZ opened at $18.63 on Friday. Direxion Daily XOM Bear 1X Shares has a 12 month low of $18.63 and a 12 month high of $26.49. The stock’s 50 day moving average price is $21.61 and its 200 day moving average price is $23.05.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were paid a dividend of $0.1692 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.6%. The ex-dividend date was Tuesday, December 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily XOM Bear 1X Shares stock. Bank of America Corp DE bought a new position in shares of Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned 25.00% of Direxion Daily XOM Bear 1X Shares as of its most recent SEC filing.

Direxion Daily XOM Bear 1X Shares Company Profile

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.