Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Short Interest Up 75.1% in August

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a large growth in short interest in August. As of August 31st, there was short interest totaling 1,140,414 shares, a growth of 75.1% from the August 15th total of 651,325 shares. Based on an average daily trading volume, of 752,692 shares, the days-to-cover ratio is currently 1.5 days. Approximately 17.5% of the company’s shares are sold short.

Defiance Daily Target 2X Long IONQ ETF Stock Down 8.3%

Shares of NASDAQ:IONX opened at $21.60 on Friday. The firm’s 50 day simple moving average is $24.49 and its 200-day simple moving average is $39.66. Defiance Daily Target 2X Long IONQ ETF has a one year low of $16.80 and a one year high of $311.86.

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

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IONQ ETF stock. UBS Group AG bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 95,149 shares of the company’s stock, valued at approximately $2,065,000. UBS Group AG owned approximately 0.96% of Defiance Daily Target 2X Long IONQ ETF at the end of the most recent reporting period.

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.