Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Rises By 75.1%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a significant growth in short interest in August. As of August 31st, there was short interest totaling 1,140,414 shares, a growth of 75.1% from the August 15th total of 651,325 shares. Based on an average daily trading volume, of 752,692 shares, the short-interest ratio is presently 1.5 days. Approximately 17.5% of the shares of the stock are short sold.

Defiance Daily Target 2X Long IONQ ETF Price Performance

NASDAQ:IONX traded down $0.21 during trading hours on Wednesday, hitting $19.83. 944,647 shares of the company’s stock traded hands, compared to its average volume of 1,559,755. Defiance Daily Target 2X Long IONQ ETF has a 52 week low of $16.80 and a 52 week high of $311.86. The business’s fifty day simple moving average is $25.04 and its two-hundred day simple moving average is $39.94.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long IONQ ETF stock. UBS Group AG acquired a new position in shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 95,149 shares of the company’s stock, valued at approximately $2,065,000. UBS Group AG owned approximately 0.96% of Defiance Daily Target 2X Long IONQ ETF at the end of the most recent quarter.

About Defiance Daily Target 2X Long IONQ ETF

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.