Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Gap Up – Should You Buy?

Shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) gapped up before the market opened on Monday . The stock had previously closed at $62.24, but opened at $68.70. Defiance Daily Target 2X Long IONQ ETF shares last traded at $76.80, with a volume of 1,092,347 shares.

Defiance Daily Target 2X Long IONQ ETF Trading Up 2.6%

The business has a fifty day moving average price of $53.51 and a 200 day moving average price of $56.48.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IONX. Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $270,000. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $604,000. UBS Group AG purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at about $2,065,000. Finally, Hollencrest Capital Management purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at about $48,000.

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.