Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Sees Large Decrease in Short Interest

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) saw a significant decrease in short interest in the month of May. As of May 15th, there was short interest totaling 17,016 shares, a decrease of 73.4% from the April 30th total of 63,919 shares. Approximately 10.0% of the shares of the company are short sold. Based on an average daily trading volume, of 29,621 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Investors Weigh In On Direxion Daily XOM Bull 2X Shares

A hedge fund recently raised its stake in Direxion Daily XOM Bull 2X Shares stock. Optiver Holding B.V. raised its holdings in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) by 107.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,747 shares of the company’s stock after purchasing an additional 8,657 shares during the quarter. Optiver Holding B.V. owned approximately 12.88% of Direxion Daily XOM Bull 2X Shares worth $435,000 as of its most recent filing with the Securities & Exchange Commission.

Direxion Daily XOM Bull 2X Shares Stock Down 2.3%

XOMX traded down $0.95 during trading on Friday, hitting $40.25. 7,637 shares of the company traded hands, compared to its average volume of 45,382. The firm has a market cap of $6.84 million, a P/E ratio of 12.94 and a beta of -5.77. The stock’s fifty day moving average is $46.33 and its 200 day moving average is $39.02. Direxion Daily XOM Bull 2X Shares has a one year low of $22.13 and a one year high of $60.28.

Direxion Daily XOM Bull 2X Shares Cuts Dividend

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

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.