Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX – Get Free Report) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totaling 525,714 shares, an increase of 226.8% from the June 30th total of 160,865 shares. Based on an average trading volume of 886,479 shares, the days-to-cover ratio is presently 0.6 days. Currently, 10.1% of the company’s stock are sold short.
Defiance Daily Target 2X Long IONQ ETF Stock Down 7.7%
Shares of IONX stock traded down $1.52 during mid-day trading on Friday, reaching $18.18. 957,320 shares of the company were exchanged, compared to its average volume of 1,701,877. The business’s 50 day simple moving average is $54.39 and its 200 day simple moving average is $47.50. Defiance Daily Target 2X Long IONQ ETF has a fifty-two week low of $16.81 and a fifty-two week high of $311.86.
Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF
Several large investors have recently added to or reduced their stakes in IONX. Hollencrest Capital Management bought a new position in Defiance Daily Target 2X Long IONQ ETF during the fourth quarter worth $48,000. Flow Traders U.S. LLC bought a new stake in Defiance Daily Target 2X Long IONQ ETF during the second quarter valued at $270,000. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth $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 Company Profile
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.
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