Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Sees Significant Drop in Short Interest

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 204,290 shares, a decrease of 49.7% from the April 15th total of 406,130 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average trading volume of 3,091,113 shares, the short-interest ratio is presently 0.1 days.

Institutional Investors Weigh In On Defiance Daily Target 2X Long IONQ ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter valued at approximately $2,065,000. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter valued at $604,000. Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter valued at $270,000. Finally, Hollencrest Capital Management purchased a new position in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at $48,000.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

Shares of NASDAQ:IONX traded down $13.42 during midday trading on Friday, hitting $56.56. 1,866,217 shares of the stock traded hands, compared to its average volume of 1,912,335. The business’s 50 day moving average is $36.54 and its two-hundred day moving average is $62.00. Defiance Daily Target 2X Long IONQ ETF has a one year low of $16.81 and a one 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.