Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Short Interest Down 52.9% in June

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 160,865 shares, a decrease of 52.9% from the June 15th total of 341,244 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average trading volume of 973,103 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Hollencrest Capital Management bought a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at about $48,000. Flow Traders U.S. LLC purchased a new stake in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $270,000. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth about $604,000. Finally, UBS Group AG bought a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter worth about $2,065,000.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

IONX stock traded down $3.18 during midday trading on Thursday, reaching $21.05. The company’s stock had a trading volume of 1,385,935 shares, compared to its average volume of 1,728,131. The stock has a fifty day simple moving average of $60.15 and a two-hundred day simple moving average of $49.69. Defiance Daily Target 2X Long IONQ ETF has a 1 year low of $16.81 and a 1 year high of $311.86.

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.