Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Increases By 78.3%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totaling 937,542 shares, a growth of 78.3% from the July 15th total of 525,714 shares. Based on an average trading volume of 1,314,916 shares, the short-interest ratio is presently 0.7 days. Approximately 14.4% of the company’s stock are sold short.

Defiance Daily Target 2X Long IONQ ETF Stock Down 0.8%

NASDAQ IONX traded down $0.27 on Monday, hitting $33.34. 121,232 shares of the company were exchanged, compared to its average volume of 1,633,967. The stock has a fifty day moving average of $38.34 and a 200-day moving average of $41.96. Defiance Daily Target 2X Long IONQ ETF has a 12 month low of $16.80 and a 12 month high of $311.86.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Several large investors have recently made changes to their positions in IONX. Flow Traders U.S. LLC bought a new stake in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at about $270,000. Jump Financial LLC acquired a new stake in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at approximately $604,000. UBS Group AG bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter valued at approximately $2,065,000. Finally, Hollencrest Capital Management bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter valued at approximately $48,000.

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.