Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Stock Price Down 9.7% – Time to Sell?

Shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) fell 9.7% during mid-day trading on Wednesday . The company traded as low as $91.27 and last traded at $91.50. 1,079,524 shares changed hands during mid-day trading, a decline of 43% from the average session volume of 1,908,528 shares. The stock had previously closed at $101.31.

Defiance Daily Target 2X Long IONQ ETF Stock Down 9.7%

The stock has a 50 day moving average price of $47.06 and a 200-day moving average price of $56.92.

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

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

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.