GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Sees Large Growth in Short Interest

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONLGet Free Report) was the target of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 207,698 shares, a growth of 576.6% from the May 31st total of 30,698 shares. Based on an average daily volume of 706,941 shares, the short-interest ratio is currently 0.3 days. Approximately 5.5% of the shares of the company are sold short.

Hedge Funds Weigh In On GraniteShares 2x Long IONQ Daily ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long IONQ Daily ETF in the 4th quarter valued at about $80,000. SBI Securities Co. Ltd. boosted its stake in GraniteShares 2x Long IONQ Daily ETF by 374.9% in the fourth quarter. SBI Securities Co. Ltd. now owns 7,289 shares of the company’s stock valued at $240,000 after acquiring an additional 5,754 shares in the last quarter. Mirae Asset Securities USA Inc. purchased a new position in GraniteShares 2x Long IONQ Daily ETF in the first quarter worth $432,000. Finally, Susquehanna International Group LLP increased its position in shares of GraniteShares 2x Long IONQ Daily ETF by 159.3% during the third quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock worth $1,377,000 after purchasing an additional 10,077 shares in the last quarter.

GraniteShares 2x Long IONQ Daily ETF Trading Up 4.7%

Shares of GraniteShares 2x Long IONQ Daily ETF stock traded up $1.15 during trading on Friday, reaching $25.80. 366,018 shares of the stock traded hands, compared to its average volume of 831,337. GraniteShares 2x Long IONQ Daily ETF has a 52-week low of $8.76 and a 52-week high of $148.84. The business has a fifty day simple moving average of $32.98 and a two-hundred day simple moving average of $28.03.

GraniteShares 2x Long IONQ Daily ETF Company Profile

(Get Free Report)

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.

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