Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Drops By 49.7%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 204,290 shares, a decrease of 49.7% from the April 15th total of 406,130 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily volume of 3,091,113 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

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

Defiance Daily Target 2X Long IONQ ETF Price Performance

Defiance Daily Target 2X Long IONQ ETF stock opened at $56.56 on Monday. 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. The firm’s fifty day moving average price is $36.54 and its 200-day moving average price is $61.29.

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.