Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Sees Significant Growth in Short Interest

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) saw a significant growth in short interest in January. As of January 30th, there was short interest totaling 18,492 shares, a growth of 447.6% from the January 15th total of 3,377 shares. Based on an average daily trading volume, of 35,031 shares, the short-interest ratio is currently 0.5 days. Currently, 10.9% of the shares of the company are short sold. Currently, 10.9% of the shares of the company are short sold. Based on an average daily trading volume, of 35,031 shares, the short-interest ratio is currently 0.5 days.

Institutional Trading of Direxion Daily XOM Bull 2X Shares

A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE bought a new position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor 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 Shares at the end of the most recent reporting period.

Direxion Daily XOM Bull 2X Shares Stock Up 0.6%

XOMX stock opened at $45.21 on Wednesday. The company’s 50-day simple moving average is $32.45 and its 200-day simple moving average is $28.40. Direxion Daily XOM Bull 2X Shares has a 52-week low of $22.13 and a 52-week high of $45.29. The firm has a market cap of $7.69 million, a P/E ratio of 12.94 and a beta of 3.43.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Tuesday, December 23rd were given a dividend of $0.186 per share. The ex-dividend date was Tuesday, December 23rd. This represents a $0.74 dividend on an annualized basis and a yield of 1.6%.

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.