Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Drops By 52.9%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 160,865 shares, a drop of 52.9% from the June 15th total of 341,244 shares. Currently, 3.7% of the company’s shares are sold short. Based on an average daily trading volume, of 973,103 shares, the short-interest ratio is presently 0.2 days.

Defiance Daily Target 2X Long IONQ ETF Trading Down 9.0%

Shares of IONX stock traded down $2.41 on Wednesday, reaching $24.23. 1,177,518 shares of the stock were exchanged, compared to its average volume of 1,730,670. Defiance Daily Target 2X Long IONQ ETF has a one year low of $16.81 and a one year high of $311.86. The stock has a 50 day moving average price of $60.89 and a 200 day moving average price of $50.10.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS Group AG bought a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth about $2,065,000. Jump Financial LLC bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $604,000. Flow Traders U.S. LLC bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $270,000. Finally, Hollencrest Capital Management bought a new position in shares of Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at about $48,000.

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.