Short Interest in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Rises By 75.1%

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 1,140,414 shares, a growth of 75.1% from the August 15th total of 651,325 shares. Based on an average trading volume of 752,692 shares, the short-interest ratio is currently 1.5 days. Approximately 17.5% of the shares of the company are short sold.

Institutional Investors Weigh In On Defiance Daily Target 2X Long IONQ ETF

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long IONQ ETF stock. UBS Group AG acquired a new stake in Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 95,149 shares of the company’s stock, valued at approximately $2,065,000. UBS Group AG owned 0.96% of Defiance Daily Target 2X Long IONQ ETF at the end of the most recent quarter.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

Shares of NASDAQ:IONX traded down $0.21 during midday trading on Wednesday, reaching $19.83. 944,647 shares of the company traded hands, compared to its average volume of 1,559,755. The firm’s fifty day moving average price is $25.04 and its two-hundred day moving average price is $39.94. Defiance Daily Target 2X Long IONQ ETF has a 12 month low of $16.80 and a 12 month high of $311.86.

Defiance Daily Target 2X Long IONQ ETF Company Profile

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.