Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Gap Down – Time to Sell?

Posted by Joseph Casey on Jun 1st, 2026

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX – Get Free Report) shares gapped down prior to trading on Monday . The stock had previously closed at $104.07, but opened at $96.62. Defiance Daily Target 2X Long IONQ ETF shares last traded at $95.84, with a volume of 523,381 shares changing hands.

Defiance Daily Target 2X Long IONQ ETF Trading Down 2.6%

The firm’s fifty day moving average is $45.67 and its 200-day moving average is $57.07.

Institutional Inflows and Outflows

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

Defiance Daily Target 2X Long IONQ ETF Company Profile

(Get Free Report)

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.