GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL – Get Free Report) was the recipient of a significant drop in short interest in August. As of August 14th, there was short interest totaling 148,251 shares, a drop of 45.3% from the July 30th total of 270,826 shares. Currently, 3.1% of the shares of the stock are short sold. Based on an average trading volume of 672,178 shares, the days-to-cover ratio is presently 0.2 days.
GraniteShares 2x Long IONQ Daily ETF Trading Down 15.1%
IONL stock traded down $2.24 during trading on Friday, hitting $12.60. 666,749 shares of the company traded hands, compared to its average volume of 783,060. GraniteShares 2x Long IONQ Daily ETF has a 1 year low of $8.76 and a 1 year high of $148.84. The company has a 50-day moving average of $16.92 and a 200-day moving average of $21.42.
Hedge Funds Weigh In On GraniteShares 2x Long IONQ Daily ETF
A number of hedge funds have recently modified their holdings of IONL. Group One Trading LLC purchased a new stake in GraniteShares 2x Long IONQ Daily ETF in the fourth quarter worth $80,000. SBI Securities Co. Ltd. raised its holdings in GraniteShares 2x Long IONQ Daily ETF by 374.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,289 shares of the company’s stock worth $240,000 after purchasing an additional 5,754 shares in the last quarter. 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 purchasing an additional 10,077 shares in the last quarter. Finally, Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF in the 1st quarter worth about $432,000.
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.
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