Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Short Interest Update

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the target of a significant increase in short interest during 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. Currently, 12.9% of the company’s shares are sold short. Based on an average daily volume of 30,126 shares, the short-interest ratio is presently 0.7 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 purchased a new position in Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned about 16.67% of Direxion Daily XOM Bull 2X Shares at the end of the most recent quarter.

Direxion Daily XOM Bull 2X Shares Price Performance

Shares of XOMX traded down $0.01 during mid-day trading on Wednesday, reaching $34.58. 2,089 shares of the company’s stock traded hands, compared to its average volume of 41,186. The stock’s 50-day moving average is $41.57 and its two-hundred day moving average is $40.79. Direxion Daily XOM Bull 2X Shares has a 12 month low of $23.00 and a 12 month high of $60.28. The stock has a market cap of $5.88 million, a P/E ratio of 12.94 and a beta of -2.65.

Direxion Daily XOM Bull 2X Shares Announces Dividend

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