GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Stock Short Interest Jumps 183.1%

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 469,152 shares, a growth of 183.1% from the September 30th total of 165,700 shares. Based on an average daily volume of 973,811 shares, the short-interest ratio is currently 0.5 days. Approximately 6.1% of the company’s stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in GraniteShares 2x Long IONQ Daily ETF stock. SBI Securities Co. Ltd. raised its stake in GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) by 61.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,280 shares of the company’s stock after acquiring an additional 22,876 shares during the period. SBI Securities Co. Ltd. owned approximately 0.79% of GraniteShares 2x Long IONQ Daily ETF worth $915,000 as of its most recent SEC filing.

GraniteShares 2x Long IONQ Daily ETF Price Performance

Shares of IONL opened at $6.62 on Friday. The business’s 50 day moving average price is $11.72 and its 200-day moving average price is $19.96. GraniteShares 2x Long IONQ Daily ETF has a 52 week low of $5.93 and a 52 week high of $77.75.

GraniteShares 2x Long IONQ Daily ETF Company Profile

The Graniteshares ETF Trust – 2X Long IONQ Daily ETF (IONL) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.