Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Gap Down – Here’s Why

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s stock price gapped down before the market opened on Monday . The stock had previously closed at $104.07, but opened at $96.62. Defiance Daily Target 2X Long IONQ ETF shares last traded at $95.84, with a volume of 523,381 shares traded.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

The stock’s 50 day moving average price is $47.06 and its two-hundred day moving average price is $56.92.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hollencrest Capital Management acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at approximately $48,000. Flow Traders U.S. LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter valued at approximately $270,000. Jump Financial LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter valued at approximately $604,000. Finally, UBS Group AG acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at approximately $2,065,000.

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.