Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Increases By 177.0%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a large growth in short interest in June. As of June 15th, there was short interest totaling 341,244 shares, a growth of 177.0% from the May 31st total of 123,203 shares. Approximately 5.2% of the company’s stock are short sold. Based on an average trading volume of 1,307,576 shares, the short-interest ratio is currently 0.3 days.

Defiance Daily Target 2X Long IONQ ETF Stock Down 5.9%

NASDAQ IONX traded down $2.74 on Friday, reaching $43.72. The company had a trading volume of 819,909 shares, compared to its average volume of 1,815,851. Defiance Daily Target 2X Long IONQ ETF has a 1 year low of $16.81 and a 1 year high of $311.86. The firm has a 50-day moving average of $62.61 and a 200-day moving average of $54.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth $48,000. Flow Traders U.S. LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter valued at about $270,000. Jump Financial LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth about $604,000. Finally, UBS Group AG purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter worth about $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.