Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Down 11.7% – Here’s What Happened

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) shares traded down 11.7% on Wednesday . The company traded as low as $21.41 and last traded at $21.43. 1,623,055 shares changed hands during trading, an increase of 3% from the average daily volume of 1,575,685 shares. The stock had previously closed at $24.28.

Defiance Daily Target 2X Long IONQ ETF Stock Down 0.8%

The stock’s fifty day moving average price is $26.27 and its 200-day moving average price is $40.12.

Institutional Inflows and Outflows

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

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.