Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Up 2.7% – What’s Next?

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s share price rose 2.7% on Thursday . The company traded as high as $32.70 and last traded at $32.23. Approximately 1,638,035 shares were traded during mid-day trading, a decline of 3% from the average daily volume of 1,690,954 shares. The stock had previously closed at $31.38.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

The firm’s 50-day simple moving average is $45.51 and its 200 day simple moving average is $40.70.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IONQ ETF stock. Jump Financial LLC purchased a new position in shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 8,635 shares of the company’s stock, valued at approximately $604,000. Jump Financial LLC owned 0.58% of Defiance Daily Target 2X Long IONQ ETF as of its most recent filing with the Securities & Exchange Commission.

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.