Direxion Daily XOM Bear 1X ETF
XOMZ
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- Direxion Daily XOM Bear 1X Shares (XOMZ) is an exchange-traded fund that seeks daily investment results, before fees and expenses, equal to 100% of the inverse (opposite) of the daily performance of the common shares of Exxon Mobil Corporation (NYSE: XOM); the fund provides investors with a tool to profit from or hedge against short-term declines in XOM's stock price through inverse exposure. XOMZ employs financial instruments including swaps and options to achieve its daily leveraged inverse objectives, with a net expense ratio of 0.97%; it trades on the NASDAQ exchange and is designed for sophisticated, actively managed trading strategies rather than long-term holding due to the effects of daily compounding, volatility, and reset. The fund holds a concentrated portfolio of derivative positions linked to XOM, with assets under management around $2.50 million as of recent data. Launched on April 23, 2025, as part of Direxion Shares ETF Trust's expansion into single-stock daily leveraged and inverse ETFs, XOMZ was introduced alongside the complementary Direxion Daily XOM Bull 2X Shares (XOMX) to offer traders targeted exposure to Exxon Mobil; this launch marked Direxion's entry into XOM-specific products within its broader lineup of over 50 leveraged and inverse ETFs covering sectors, indices, and individual equities. Direxion, founded in 1997 and headquartered in New York City with additional offices in Boston and Hong Kong, appointed Mo Sparks as Chief Product Officer in April 2025 to oversee product strategy amid rapid expansion, including multiple single-stock ETF launches such as those for Boeing, Cisco, Qualcomm, and others in 2025; in September 2024, Direxion selected SS&C ALPS Distributors to enhance its ETF distribution, FINRA compliance, and registered fund services. The fund targets experienced investors seeking tactical short-term positions in the energy sector, particularly those bearish on XOM, a vertically integrated multinational oil and gas company; XOMZ operates primarily in the U.S. market but supports global trading through major platforms, with recent distributions including an income dividend of $0.14481 per share on July 1, 2025.