Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Declines By 49.7%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a significant decline in short interest during the month of April. As of April 30th, there was short interest totaling 204,290 shares, a decline of 49.7% from the April 15th total of 406,130 shares. Based on an average daily volume of 3,091,113 shares, the short-interest ratio is currently 0.1 days. Currently, 3.1% of the shares of the stock are short sold.

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

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

Defiance Daily Target 2X Long IONQ ETF Trading Down 19.2%

IONX traded down $13.42 during trading hours on Friday, hitting $56.56. The company’s stock had a trading volume of 1,866,217 shares, compared to its average volume of 1,912,335. The business’s 50-day moving average price is $36.54 and its 200-day moving average price is $61.29. Defiance Daily Target 2X Long IONQ ETF has a 12 month low of $16.81 and a 12 month high of $311.86.

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.