Short Interest in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Drops By 73.4%

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 17,016 shares, a decline of 73.4% from the April 30th total of 63,919 shares. Based on an average trading volume of 29,621 shares, the short-interest ratio is presently 0.6 days. Currently, 10.0% of the company’s shares are short sold.

Direxion Daily XOM Bull 2X Shares Stock Performance

Shares of NASDAQ XOMX traded down $1.07 during trading on Friday, hitting $40.13. 11,726 shares of the company were exchanged, compared to its average volume of 45,427. Direxion Daily XOM Bull 2X Shares has a 12-month low of $22.13 and a 12-month high of $60.28. The company has a fifty day moving average price of $46.16 and a 200-day moving average price of $39.02. The firm has a market capitalization of $6.82 million, a PE ratio of 12.94 and a beta of -6.04.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Tuesday, March 24th were issued a dividend of $0.1619 per share. This represents a $0.65 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, March 24th.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE purchased a new position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 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 SEC filing.

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.