Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Short Interest Down 39.1% in June

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the target of a significant drop in short interest in June. As of June 30th, there was short interest totaling 13,386 shares, a drop of 39.1% from the June 15th total of 21,996 shares. Based on an average daily trading volume, of 13,387 shares, the days-to-cover ratio is currently 1.0 days. Approximately 6.1% of the company’s stock are short sold.

Direxion Daily XOM Bull 2X Shares Trading Up 2.1%

XOMX opened at $39.25 on Friday. The stock’s fifty day simple moving average is $40.00 and its 200 day simple moving average is $41.50. Direxion Daily XOM Bull 2X Shares has a 1-year low of $23.00 and a 1-year high of $60.28. The stock has a market cap of $7.85 million, a PE ratio of 12.94 and a beta of -2.16.

Direxion Daily XOM Bull 2X Shares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 23rd were paid a dividend of $0.2157 per share. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Tuesday, June 23rd.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Direxion Daily XOM Bull 2X Shares stock. Bank of America Corp DE acquired a new position in shares of Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 25,000 shares of the company’s stock, valued at approximately $609,000. Bank of America Corp DE owned 16.67% of Direxion Daily XOM Bull 2X Shares as of its most recent SEC filing.

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.