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

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a significant drop in short interest in June. As of June 30th, there was short interest totaling 160,865 shares, a drop of 52.9% from the June 15th total of 341,244 shares. Approximately 3.7% of the company’s stock are sold short. Based on an average daily volume of 973,103 shares, the days-to-cover ratio is presently 0.2 days.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG acquired a new stake in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at about $2,065,000. Jump Financial LLC bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth approximately $604,000. Flow Traders U.S. LLC acquired a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at $270,000. Finally, Hollencrest Capital Management acquired a new position in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter valued at about $48,000.

Defiance Daily Target 2X Long IONQ ETF Trading Down 18.6%

Shares of Defiance Daily Target 2X Long IONQ ETF stock opened at $26.16 on Tuesday. Defiance Daily Target 2X Long IONQ ETF has a 12-month low of $16.81 and a 12-month high of $311.86. The business’s 50 day moving average is $61.39 and its 200-day moving average is $50.50.

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.