Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Trading 9.6% Higher – Time to Buy?

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

Defiance Daily Target 2X Long IONQ ETF Stock Up 10.6%

The stock has a fifty day moving average of $42.74 and a 200 day moving average of $57.48.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Hedge funds have recently modified their holdings of the company. Hollencrest Capital Management purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth approximately $48,000. Flow Traders U.S. LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth approximately $270,000. Jump Financial LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 2nd quarter worth approximately $604,000. Finally, UBS Group AG purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter worth approximately $2,065,000.

About Defiance Daily Target 2X Long IONQ ETF

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.