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

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 123,203 shares, a drop of 35.0% from the May 14th total of 189,518 shares. Based on an average daily trading volume, of 2,059,757 shares, the short-interest ratio is presently 0.1 days. Approximately 1.9% of the company’s stock are sold short.

Defiance Daily Target 2X Long IONQ ETF Price Performance

Shares of IONX stock opened at $55.65 on Thursday. Defiance Daily Target 2X Long IONQ ETF has a 52 week low of $16.81 and a 52 week high of $311.86. The firm has a 50 day moving average of $58.47 and a two-hundred day moving average of $55.93.

Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Hollencrest Capital Management purchased a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth about $48,000. Flow Traders U.S. LLC purchased a new stake in Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth about $270,000. Jump Financial LLC purchased a new stake in Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth about $604,000. Finally, UBS Group AG purchased a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth about $2,065,000.

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.