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

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s share price gapped down before the market opened 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.

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

The firm’s 50-day moving average price is $45.67 and its 200 day moving average price is $57.07.

Institutional Investors Weigh In On Defiance Daily Target 2X Long IONQ ETF

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

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.