Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) Short Interest Up 96.6% in June

Direxion Daily XOM Bull 2X Shares (NASDAQ:XOMX) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 21,996 shares, an increase of 96.6% from the May 31st total of 11,190 shares. Based on an average daily volume of 30,126 shares, the short-interest ratio is presently 0.7 days. Currently, 12.9% of the shares of the stock are sold short.

Institutional Inflows and Outflows

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

Direxion Daily XOM Bull 2X Shares Price Performance

NASDAQ XOMX traded up $0.24 on Thursday, hitting $34.63. The company had a trading volume of 8,602 shares, compared to its average volume of 40,981. The company’s fifty day moving average price is $41.42 and its 200-day moving average price is $40.83. The company has a market capitalization of $7.62 million, a PE ratio of 12.94 and a beta of -2.16. Direxion Daily XOM Bull 2X Shares has a 12-month low of $23.00 and a 12-month high of $60.28.

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. The ex-dividend date of this dividend was Tuesday, June 23rd. This represents a $0.86 dividend on an annualized basis and a dividend yield of 2.5%.

Direxion Daily XOM Bull 2X Shares Company Profile

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.