Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Trading Down 9.7% – Here’s Why

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s stock price fell 9.7% on Wednesday . The company traded as low as $91.27 and last traded at $91.50. 1,079,524 shares were traded during trading, a decline of 43% from the average session volume of 1,908,528 shares. The stock had previously closed at $101.31.

Defiance Daily Target 2X Long IONQ ETF Trading Down 7.7%

The business’s 50-day simple moving average is $50.91 and its two-hundred day simple moving average is $56.97.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Several large investors have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth approximately $48,000. UBS Group AG acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth approximately $2,065,000. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth approximately $604,000. Finally, Flow Traders U.S. LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth approximately $270,000.

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.