Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Short Interest Up 4,244.4% in February

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) saw a large increase in short interest in February. As of February 13th, there was short interest totaling 391 shares, an increase of 4,244.4% from the January 29th total of 9 shares. Approximately 0.4% of the company’s shares are short sold. Based on an average daily volume of 4,140 shares, the short-interest ratio is currently 0.1 days. Based on an average daily volume of 4,140 shares, the short-interest ratio is currently 0.1 days. Approximately 0.4% of the company’s shares are short sold.

Institutional Investors Weigh In On Direxion Daily XOM Bear 1X Shares

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 filing with the SEC. The fund 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 filing with the SEC.

Direxion Daily XOM Bear 1X Shares Price Performance

Shares of NASDAQ:XOMZ traded up $0.03 during midday trading on Wednesday, reaching $17.48. The company’s stock had a trading volume of 1,777 shares, compared to its average volume of 2,626. The business has a 50 day moving average price of $19.87 and a 200 day moving average price of $22.21. Direxion Daily XOM Bear 1X Shares has a 1 year low of $16.80 and a 1 year high of $26.49.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Tuesday, December 23rd were issued a dividend of $0.1692 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date was Tuesday, December 23rd.

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.