Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONXGet Free Report) was the target of a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 341,244 shares, a growth of 177.0% from the May 31st total of 123,203 shares. Based on an average daily trading volume, of 1,307,576 shares, the short-interest ratio is presently 0.3 days. Approximately 5.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management purchased a new stake in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter worth $48,000. UBS Group AG bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth $2,065,000. Jump Financial LLC purchased a new stake in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth about $604,000. Finally, Flow Traders U.S. LLC purchased a new stake in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth about $270,000.

Defiance Daily Target 2X Long IONQ ETF Stock Down 2.5%

IONX traded down $1.28 during midday trading on Tuesday, reaching $50.67. The company had a trading volume of 477,994 shares, compared to its average volume of 1,797,649. Defiance Daily Target 2X Long IONQ ETF has a 12-month low of $16.81 and a 12-month high of $311.86. The business has a 50-day moving average price of $62.73 and a two-hundred day moving average price of $53.73.

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.

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