Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX – Get Free Report) was the recipient of a large decline in short interest during the month of May. As of May 29th, there was short interest totaling 123,203 shares, a decline of 35.0% from the May 14th total of 189,518 shares. Based on an average daily trading volume, of 2,059,757 shares, the short-interest ratio is presently 0.1 days. Approximately 1.9% of the shares of the company are short sold.
Defiance Daily Target 2X Long IONQ ETF Price Performance
Shares of NASDAQ IONX traded down $6.99 during midday trading on Tuesday, reaching $63.01. The company’s stock had a trading volume of 610,681 shares, compared to its average volume of 1,860,067. Defiance Daily Target 2X Long IONQ ETF has a 12-month low of $16.81 and a 12-month high of $311.86. The firm has a 50 day moving average price of $57.04 and a 200-day moving average price of $56.25.
Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF
A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Group AG purchased a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the 4th quarter worth approximately $2,065,000. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at approximately $604,000. Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at approximately $270,000. Finally, Hollencrest Capital Management purchased a new position in 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
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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