Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Trading 9.6% Higher – Here’s What Happened

Shares of Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) traded up 9.6% during trading on Thursday . The company traded as high as $94.60 and last traded at $94.60. 991,705 shares were traded during trading, a decline of 49% from the average session volume of 1,926,523 shares. The stock had previously closed at $86.30.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

The firm’s 50-day moving average is $45.67 and its two-hundred day moving average is $57.52.

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

A number of hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the fourth quarter valued at approximately $48,000. UBS Group AG acquired a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at $2,065,000. Jump Financial LLC acquired a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at $604,000. Finally, Flow Traders U.S. LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at $270,000.

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.