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

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant growth in short interest in July. As of July 15th, there was short interest totaling 142,239 shares, a growth of 106.9% from the June 30th total of 68,758 shares. Based on an average trading volume of 548,489 shares, the days-to-cover ratio is currently 0.3 days. Approximately 3.7% of the company’s stock are short sold.

Institutional Trading of GraniteShares 2x Long IONQ Daily ETF

Institutional investors and hedge funds have recently bought and sold shares of the company. Group One Trading LLC bought a new position in shares of GraniteShares 2x Long IONQ Daily ETF in the fourth quarter worth approximately $80,000. SBI Securities Co. Ltd. increased its position in shares of 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 acquiring an additional 5,754 shares in the last quarter. Mirae Asset Securities USA Inc. bought a new stake in shares of GraniteShares 2x Long IONQ Daily ETF during the first quarter valued at approximately $432,000. Finally, Susquehanna International Group LLP raised its holdings in 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 worth $1,377,000 after acquiring an additional 10,077 shares during the last quarter.

GraniteShares 2x Long IONQ Daily ETF Stock Up 22.8%

IONL opened at $11.27 on Friday. The stock has a 50-day moving average price of $27.30 and a 200-day moving average price of $23.79. GraniteShares 2x Long IONQ Daily ETF has a 1 year low of $8.76 and a 1 year high of $148.84.

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.