Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Sees Significant Drop in Short Interest

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 204,290 shares, a decrease of 49.7% from the April 15th total of 406,130 shares. Currently, 3.1% of the company’s stock are short sold. Based on an average daily volume of 3,091,113 shares, the days-to-cover ratio is presently 0.1 days.

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

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

Defiance Daily Target 2X Long IONQ ETF Price Performance

Shares of IONX traded down $13.42 on Friday, hitting $56.56. 1,866,217 shares of the stock traded hands, compared to its average volume of 1,912,335. The business has a 50 day simple moving average of $36.54 and a 200 day simple moving average of $62.00. Defiance Daily Target 2X Long IONQ ETF has a one year low of $16.81 and a one year high of $311.86.

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.