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

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) saw a significant decline in short interest during the month of May. As of May 15th, there was short interest totaling 28,319 shares, a decline of 83.2% from the April 30th total of 168,184 shares. Based on an average daily volume of 1,508,274 shares, the short-interest ratio is presently 0.0 days. Currently, 0.8% of the company’s stock are sold short.

Institutional Investors Weigh In On GraniteShares 2x Long IONQ Daily ETF

A number of large investors have recently modified their holdings of the business. SBI Securities Co. Ltd. grew its stake in shares of GraniteShares 2x Long IONQ Daily ETF by 118.3% during the third quarter. SBI Securities Co. Ltd. now owns 1,535 shares of the company’s stock worth $129,000 after acquiring an additional 832 shares during the last quarter. Group One Trading LLC purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF during the fourth quarter worth about $80,000. Susquehanna International Group LLP grew its stake in shares of GraniteShares 2x Long IONQ Daily ETF by 159.3% during the third quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock worth $1,377,000 after acquiring an additional 10,077 shares during the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF during the first quarter worth about $432,000.

GraniteShares 2x Long IONQ Daily ETF Trading Up 5.4%

IONL opened at $45.57 on Thursday. The business’s 50-day moving average is $22.35 and its two-hundred day moving average is $29.02. GraniteShares 2x Long IONQ Daily ETF has a 1 year low of $8.76 and a 1 year high of $148.84.

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.