Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Trading 9.6% Higher – Time to Buy?

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s share price traded up 9.6% during mid-day trading on Thursday . The company traded as high as $94.60 and last traded at $94.60. 991,705 shares traded hands during trading, a decline of 49% from the average session volume of 1,926,523 shares. The stock had previously closed at $86.30.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

The stock has a 50 day moving average of $42.74 and a 200-day moving average of $57.48.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at approximately $48,000. Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth approximately $270,000. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth approximately $604,000. Finally, UBS Group AG purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter worth approximately $2,065,000.

About Defiance Daily Target 2X Long IONQ ETF

The Defiance Daily Target 2X Long IONQ ETF (IONX) is an exchange-traded fund that mostly invests in information technology equity. The fund seeks to deliver 2x leveraged exposure to the daily share price movement of IonQ, Inc (IONQ), less fees and expenses, through derivatives like swap agreements IONX was launched on Mar 11, 2025 and is issued by Defiance.