Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) Short Interest Up 500.0% in December

Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) saw a large increase in short interest in December. As of December 31st, there was short interest totaling 126 shares, an increase of 500.0% from the December 15th total of 21 shares. Based on an average daily volume of 2,313 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,313 shares, the short-interest ratio is currently 0.1 days.

Direxion Daily XOM Bear 1X Shares Stock Up 0.7%

Shares of NASDAQ XOMZ traded up $0.14 during midday trading on Monday, reaching $21.26. The company’s stock had a trading volume of 389 shares, compared to its average volume of 1,970. Direxion Daily XOM Bear 1X Shares has a one year low of $20.89 and a one year high of $26.49. The company has a 50 day moving average price of $22.49 and a 200 day moving average price of $23.47.

Direxion Daily XOM Bear 1X Shares Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Tuesday, December 23rd were paid a $0.1692 dividend. The ex-dividend date of this dividend was Tuesday, December 23rd. This represents a $0.68 dividend on an annualized basis and a yield of 3.2%.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Direxion Daily XOM Bear 1X Shares stock. Optiver Holding B.V. grew its holdings in Direxion Daily XOM Bear 1X Shares (NASDAQ:XOMZ) by 22,666.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,049 shares of the company’s stock after purchasing an additional 2,040 shares during the period. Optiver Holding B.V. owned about 2.05% of Direxion Daily XOM Bear 1X Shares worth $48,000 as of its most recent SEC filing.

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.