GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Trading Up 0.4% – Still a Buy?

Shares of GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) were up 0.4% during trading on Thursday . The stock traded as high as $16.04 and last traded at $15.98. Approximately 387,027 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 418,075 shares. The stock had previously closed at $15.91.

GraniteShares 2x Long IONQ Daily ETF Trading Up 0.4%

The firm has a fifty day moving average price of $31.91 and a 200-day moving average price of $53.24.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. purchased a new stake in GraniteShares 2x Long IONQ Daily ETF in the second quarter valued at approximately $35,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long IONQ Daily ETF during the fourth quarter worth approximately $80,000. Finally, Susquehanna International Group LLP boosted its holdings in shares of GraniteShares 2x Long IONQ Daily ETF by 159.3% in the 3rd quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock valued at $1,377,000 after purchasing an additional 10,077 shares during the last quarter.

GraniteShares 2x Long IONQ Daily ETF Company Profile

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.