Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Sees Large Growth in Short Interest

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) saw a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 4,111 shares, an increase of 417.1% from the February 26th total of 795 shares. Based on an average daily volume of 12,567 shares, the days-to-cover ratio is currently 0.3 days. Approximately 4.1% of the shares of the company are short sold. Approximately 4.1% of the shares of the company are short sold. Based on an average daily volume of 12,567 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily XOM Bear 1X Shares stock. Bank of America Corp DE acquired a new position in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,000 shares of the company’s stock, valued at approximately $621,000. Bank of America Corp DE owned approximately 25.00% of Direxion Daily XOM Bear 1X Shares at the end of the most recent quarter.

Direxion Daily XOM Bear 1X Shares Stock Down 3.2%

Shares of XOMZ opened at $15.68 on Wednesday. The business’s 50-day moving average is $17.87 and its two-hundred day moving average is $21.15. Direxion Daily XOM Bear 1X Shares has a fifty-two week low of $15.47 and a fifty-two week high of $26.49.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Tuesday, March 24th will be issued a dividend of $0.1277 per share. This represents a $0.51 annualized dividend and a yield of 3.3%. The ex-dividend date of this dividend is Tuesday, March 24th.

About Direxion Daily XOM Bear 1X Shares

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.