GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Short Interest Down 66.9% in June

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant decline in short interest during the month of June. As of June 30th, there was short interest totaling 68,758 shares, a decline of 66.9% from the June 15th total of 207,698 shares. Based on an average daily volume of 656,740 shares, the days-to-cover ratio is currently 0.1 days. Currently, 2.1% of the company’s stock are short sold.

GraniteShares 2x Long IONQ Daily ETF Price Performance

Shares of NASDAQ:IONL opened at $17.23 on Monday. GraniteShares 2x Long IONQ Daily ETF has a 1 year low of $8.76 and a 1 year high of $148.84. The stock’s fifty day moving average price is $32.66 and its 200-day moving average price is $26.40.

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

Several hedge funds and other institutional investors have recently bought and sold shares of IONL. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long IONQ Daily ETF in the first quarter worth approximately $432,000. Group One Trading LLC bought a new position in GraniteShares 2x Long IONQ Daily ETF during the fourth quarter valued at approximately $80,000. SBI Securities Co. Ltd. lifted its position 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 valued at $240,000 after purchasing an additional 5,754 shares during the period. Finally, Susquehanna International Group LLP boosted its holdings in GraniteShares 2x Long IONQ Daily ETF by 159.3% in the third quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock worth $1,377,000 after purchasing an additional 10,077 shares during the last quarter.

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.