Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Short Interest Update

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 341,244 shares, a growth of 177.0% from the May 31st total of 123,203 shares. Based on an average daily volume of 1,307,576 shares, the short-interest ratio is currently 0.3 days. Currently, 5.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

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

Defiance Daily Target 2X Long IONQ ETF Stock Up 18.8%

IONX stock traded up $8.23 during midday trading on Monday, reaching $51.95. The company had a trading volume of 891,427 shares, compared to its average volume of 1,808,361. Defiance Daily Target 2X Long IONQ ETF has a 1-year low of $16.81 and a 1-year high of $311.86. The stock has a 50 day moving average price of $62.61 and a 200-day moving average price of $54.10.

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.