GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Sees Significant Increase in Short Interest

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 469,152 shares, a growth of 183.1% from the September 30th total of 165,700 shares. Based on an average daily volume of 973,811 shares, the days-to-cover ratio is currently 0.5 days. Currently, 6.1% of the company’s stock are short sold.

GraniteShares 2x Long IONQ Daily ETF Stock Performance

Shares of IONL stock traded down $0.58 during trading hours on Thursday, reaching $7.19. The company had a trading volume of 725,038 shares, compared to its average volume of 801,644. The business has a fifty day moving average price of $12.05 and a 200-day moving average price of $20.30. GraniteShares 2x Long IONQ Daily ETF has a one year low of $6.64 and a one year high of $77.75.

Hedge Funds Weigh In On GraniteShares 2x Long IONQ Daily ETF

An institutional investor recently bought a new position in GraniteShares 2x Long IONQ Daily ETF stock. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 40,000 shares of the company’s stock, valued at approximately $432,000. Mirae Asset Securities USA Inc. owned approximately 1.06% of GraniteShares 2x Long IONQ Daily ETF at the end of the most recent reporting period.

About GraniteShares 2x Long IONQ Daily ETF

The Graniteshares ETF Trust – 2X Long IONQ Daily ETF (IONL) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.