Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) Short Interest Update

Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) was the target of a significant decrease in short interest in the month of August. As of August 31st, there was short interest totaling 600 shares, a decrease of 88.5% from the August 15th total of 5,201 shares. Based on an average daily trading volume, of 20,407 shares, the short-interest ratio is presently 0.0 days. Currently, 0.3% of the shares of the company are sold short.

Direxion Daily XOM Bull 2X ETF Stock Up 1.1%

NASDAQ XOMX opened at $49.96 on Friday. Direxion Daily XOM Bull 2X ETF has a 52-week low of $24.92 and a 52-week high of $60.28. The business’s 50-day moving average price is $44.30 and its 200 day moving average price is $44.13. The firm has a market cap of $9.99 million, a P/E ratio of 12.94 and a beta of -2.38.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Direxion Daily XOM Bull 2X ETF stock. Bank of America Corp DE bought a new stake in Direxion Daily XOM Bull 2X ETF (NASDAQ:XOMX) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 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 ETF at the end of the most recent quarter.

About Direxion Daily XOM Bull 2X ETF

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.