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

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a large decrease in short interest in the month of May. As of May 15th, there was short interest totaling 28,319 shares, a decrease of 83.2% from the April 30th total of 168,184 shares. Based on an average daily volume of 1,508,274 shares, the short-interest ratio is currently 0.0 days. Approximately 0.8% of the shares of the company are sold short.

Institutional Investors Weigh In On GraniteShares 2x Long IONQ Daily ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. Mirae Asset Securities USA Inc. purchased a new stake in GraniteShares 2x Long IONQ Daily ETF during the 1st quarter valued at approximately $432,000. Group One Trading LLC purchased a new position in GraniteShares 2x Long IONQ Daily ETF during the fourth quarter worth $80,000. SBI Securities Co. Ltd. boosted its stake in GraniteShares 2x Long IONQ Daily ETF by 374.9% during the fourth quarter. SBI Securities Co. Ltd. now owns 7,289 shares of the company’s stock worth $240,000 after buying an additional 5,754 shares during the period. Finally, Susquehanna International Group LLP boosted its stake in GraniteShares 2x Long IONQ Daily ETF by 159.3% during the third quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock worth $1,377,000 after buying an additional 10,077 shares during the period.

GraniteShares 2x Long IONQ Daily ETF Stock Performance

NASDAQ IONL opened at $45.57 on Thursday. GraniteShares 2x Long IONQ Daily ETF has a 12 month low of $8.76 and a 12 month high of $148.84. The company’s 50 day moving average is $22.35 and its two-hundred day moving average is $29.02.

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.