Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Short Interest Update

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 1,140,414 shares, an increase of 75.1% from the August 15th total of 651,325 shares. Based on an average daily volume of 752,692 shares, the days-to-cover ratio is currently 1.5 days. Currently, 17.5% of the shares of the stock are sold short.

Defiance Daily Target 2X Long IONQ ETF Stock Up 18.8%

Shares of IONX traded up $3.73 during midday trading on Thursday, reaching $23.56. The stock had a trading volume of 1,568,188 shares, compared to its average volume of 1,559,835. The firm’s 50 day moving average price is $24.73 and its 200-day moving average price is $39.77. Defiance Daily Target 2X Long IONQ ETF has a 52 week low of $16.80 and a 52 week high of $311.86.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IONQ ETF stock. UBS Group AG acquired a new position in shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 95,149 shares of the company’s stock, valued at approximately $2,065,000. UBS Group AG owned approximately 0.96% of Defiance Daily Target 2X Long IONQ ETF as of its most recent SEC filing.

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.