Direxion Daily XOM Bull 2X ETF
XOMX
NASDAQ Global Select- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Leveraged
- Address
- 1301 Avenue of the Americas, 28th Floor New York City United States of America 10019
- IPO Date
- Apr 23, 2025
- CIK
- 0000034088
- Website
- direxion.com
- Similar Companies
- Business
- Direxion Daily XOM Bull 2X Shares (XOMX) is a leveraged exchange-traded fund that seeks daily investment results, before fees and expenses, of 200% of the daily performance of Exxon Mobil Corporation common shares. The fund provides amplified exposure to the energy sector leader's stock price movements through swap agreements, futures contracts, and direct investments in XOM shares; it employs a daily reset mechanism that results in compounding effects over multiple trading days, making it suitable for sophisticated traders seeking short-term tactical opportunities rather than long-term buy-and-hold strategies. Direxion Shares, the issuer, offers a suite of similar leveraged and inverse ETFs targeting single stocks, indices, and sectors, including products like Daily TSLA Bull 2X Shares and Daily NVDA Bull 1.5X Shares. The fund operates primarily in the U.S. financial markets, listed on the Nasdaq Stock Exchange, and targets institutional investors, hedge funds, and experienced retail traders focused on energy sector volatility. Direxion Shares, headquartered in Rye Brook, New York, was established in 1997 as part of Rafferty Asset Management, LLC, and manages over 60 ETFs with assets under management exceeding $30 billion as of late 2025. Geographically, it serves investors worldwide through U.S.-listed securities accessible via major brokerages. In recent developments, Direxion launched the XOMX ETF in mid-2025 as part of an expanded lineup of single-stock leveraged products amid surging demand for targeted energy plays driven by geopolitical tensions and oil price fluctuations; this followed a strategic partnership with counterparties to enhance swap liquidity for these high-beta funds. The issuer also announced enhancements to its portfolio margin requirements and risk disclosures in Q3 2025 to address regulatory scrutiny on leveraged ETFs, alongside a minor assets reallocation in response to Exxon Mobil's upstream expansion into low-carbon technologies. No significant acquisitions, funding rounds, or name changes have been reported for Direxion or this specific product within the last two years.