Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Down 5.7% – What’s Next?

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s stock price was down 5.7% on Tuesday . The stock traded as low as $74.00 and last traded at $77.35. Approximately 731,701 shares traded hands during mid-day trading, a decline of 62% from the average daily volume of 1,929,568 shares. The stock had previously closed at $82.00.

Defiance Daily Target 2X Long IONQ ETF Price Performance

The firm’s 50 day moving average price is $42.74 and its two-hundred day moving average price is $57.48.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Several hedge funds have recently modified their holdings of the stock. Hollencrest Capital Management bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at $48,000. UBS Group AG bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at $2,065,000. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at $604,000. Finally, Flow Traders U.S. LLC bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at $270,000.

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.