Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Increases By 78.3%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 937,542 shares, a growth of 78.3% from the July 15th total of 525,714 shares. Based on an average daily trading volume, of 1,314,916 shares, the short-interest ratio is presently 0.7 days. Currently, 14.4% of the company’s stock are sold short.

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

A number of hedge funds have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth approximately $48,000. Flow Traders U.S. LLC bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at approximately $270,000. Jump Financial LLC bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at approximately $604,000. Finally, UBS Group AG purchased a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter valued at approximately $2,065,000.

Defiance Daily Target 2X Long IONQ ETF Stock Down 0.8%

Shares of NASDAQ IONX traded down $0.27 during mid-day trading on Monday, reaching $33.34. 121,232 shares of the company’s stock traded hands, compared to its average volume of 1,633,967. The business has a 50-day simple moving average of $38.34 and a 200 day simple moving average of $41.96. Defiance Daily Target 2X Long IONQ ETF has a 1-year low of $16.80 and a 1-year high of $311.86.

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.