Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Increases By 226.8%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 525,714 shares, an increase of 226.8% from the June 30th total of 160,865 shares. Approximately 10.1% of the company’s stock are short sold. Based on an average daily trading volume, of 886,479 shares, the days-to-cover ratio is presently 0.6 days.

Defiance Daily Target 2X Long IONQ ETF Stock Down 13.6%

Defiance Daily Target 2X Long IONQ ETF stock traded down $2.94 during mid-day trading on Tuesday, reaching $18.65. 1,469,068 shares of the company were exchanged, compared to its average volume of 1,701,390. The business has a fifty day moving average of $53.81 and a 200 day moving average of $46.87. Defiance Daily Target 2X Long IONQ ETF has a 12-month low of $16.81 and a 12-month high of $311.86.

Institutional Investors Weigh In On Defiance Daily Target 2X Long IONQ ETF

A number of hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter valued at about $48,000. Flow Traders U.S. LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter valued at about $270,000. Jump Financial LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter valued at about $604,000. Finally, UBS Group AG bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at 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.