Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Increases By 177.0%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a large increase in short interest in June. As of June 15th, there was short interest totaling 341,244 shares, an increase of 177.0% from the May 31st total of 123,203 shares. Based on an average daily volume of 1,307,576 shares, the days-to-cover ratio is currently 0.3 days. Currently, 5.2% of the company’s stock are sold short.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management acquired a new position in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth $48,000. Flow Traders U.S. LLC bought a new stake in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at about $270,000. Jump Financial LLC bought a new stake in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at about $604,000. Finally, UBS Group AG acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter worth $2,065,000.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

Shares of IONX traded down $2.74 during trading on Friday, reaching $43.72. The company’s stock had a trading volume of 819,909 shares, compared to its average volume of 1,815,851. The company has a fifty day moving average of $62.61 and a two-hundred day moving average of $54.46. Defiance Daily Target 2X Long IONQ ETF has a twelve month low of $16.81 and a twelve month high of $311.86.

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.