Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Stock Price Down 9.7% – Time to Sell?

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s stock price was down 9.7% during mid-day trading on Wednesday . The stock traded as low as $91.27 and last traded at $91.50. Approximately 1,079,524 shares changed hands during trading, a decline of 43% from the average daily volume of 1,908,528 shares. The stock had previously closed at $101.31.

Defiance Daily Target 2X Long IONQ ETF Stock Down 9.7%

The business has a fifty day moving average of $47.06 and a 200-day moving average of $56.92.

Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF

Large investors have recently bought and sold shares of the business. Hollencrest Capital Management bought a new position in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter worth approximately $48,000. Flow Traders U.S. LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter worth approximately $270,000. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter worth approximately $604,000. Finally, UBS Group AG bought a new position in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter worth approximately $2,065,000.

About Defiance Daily Target 2X Long IONQ ETF

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.