GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Sees Large Decrease in Short Interest

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant decrease in short interest during the month of August. As of August 14th, there was short interest totaling 148,251 shares, a decrease of 45.3% from the July 30th total of 270,826 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily trading volume, of 672,178 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of GraniteShares 2x Long IONQ Daily ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF during the fourth quarter valued at $80,000. SBI Securities Co. Ltd. lifted its holdings in GraniteShares 2x Long IONQ Daily ETF by 374.9% during the 4th quarter. SBI Securities Co. Ltd. now owns 7,289 shares of the company’s stock valued at $240,000 after buying an additional 5,754 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long IONQ Daily ETF during the 1st quarter valued at about $432,000. Finally, Susquehanna International Group LLP boosted its position in GraniteShares 2x Long IONQ Daily ETF by 159.3% in the 3rd quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock valued at $1,377,000 after buying an additional 10,077 shares during the period.

GraniteShares 2x Long IONQ Daily ETF Trading Down 7.5%

Shares of NASDAQ IONL traded down $0.95 during midday trading on Tuesday, hitting $11.68. The company’s stock had a trading volume of 374,823 shares, compared to its average volume of 778,735. GraniteShares 2x Long IONQ Daily ETF has a 12-month low of $8.76 and a 12-month high of $148.84. The business’s 50 day moving average is $16.50 and its two-hundred day moving average is $21.41.

About GraniteShares 2x Long IONQ Daily ETF

The Graniteshares ETF Trust – 2X Long IONQ Daily ETF (IONL) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.