Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Short Interest Up 96.6% in June

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) saw a significant increase in short interest in the month of June. As of June 15th, there was short interest totaling 21,996 shares, an increase of 96.6% from the May 31st total of 11,190 shares. Approximately 12.9% of the company’s stock are sold short. Based on an average daily volume of 30,126 shares, the short-interest ratio is currently 0.7 days.

Institutional Investors Weigh In On Direxion Daily XOM Bull 2X Shares

A hedge fund recently bought a new position in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE acquired a new position in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 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 as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily XOM Bull 2X Shares Trading Up 0.7%

XOMX opened at $34.63 on Friday. The company has a market cap of $7.62 million, a price-to-earnings ratio of 12.94 and a beta of -2.16. The stock has a fifty day simple moving average of $41.28 and a two-hundred day simple moving average of $40.87. Direxion Daily XOM Bull 2X Shares has a 12-month low of $23.00 and a 12-month high of $60.28.

Direxion Daily XOM Bull 2X Shares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 23rd were paid a $0.2157 dividend. This represents a $0.86 annualized dividend and a dividend yield of 2.5%. The ex-dividend date was Tuesday, June 23rd.

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.