Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Sees Significant Growth in Short Interest

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 525,714 shares, a growth of 226.8% from the June 30th total of 160,865 shares. Approximately 10.1% of the shares of the stock are sold short. Based on an average trading volume of 886,479 shares, the days-to-cover ratio is presently 0.6 days.

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

Shares of IONX stock traded up $3.41 during trading on Monday, hitting $21.59. The company had a trading volume of 1,827,849 shares, compared to its average volume of 1,702,887. The stock’s 50-day moving average is $53.81 and its two-hundred day moving average is $46.87. Defiance Daily Target 2X Long IONQ ETF has a 52 week low of $16.81 and a 52 week high of $311.86.

Hedge Funds Weigh In On Defiance Daily Target 2X Long IONQ ETF

Institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at $48,000. Flow Traders U.S. LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at $270,000. Jump Financial LLC bought a new position in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at $604,000. Finally, UBS Group AG bought a new position in Defiance Daily Target 2X Long IONQ ETF in the fourth quarter valued at $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.