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 decline in short interest in June. As of June 30th, there was short interest totaling 160,865 shares, a decline of 52.9% from the June 15th total of 341,244 shares. Currently, 3.7% of the shares of the stock are short sold. Based on an average trading volume of 973,103 shares, the days-to-cover ratio is currently 0.2 days.

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

Large investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter worth $48,000. Flow Traders U.S. LLC acquired a new stake in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at $270,000. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth $604,000. Finally, UBS Group AG bought a new position in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth $2,065,000.

Defiance Daily Target 2X Long IONQ ETF Price Performance

Shares of NASDAQ:IONX opened at $26.16 on Tuesday. The firm has a 50 day simple moving average of $61.39 and a 200 day simple moving average of $50.50. Defiance Daily Target 2X Long IONQ ETF has a one year low of $16.81 and a one year 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.