GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Sees Significant Increase in Short Interest

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) was the recipient of a significant growth in short interest during the month of October. As of October 15th, there was short interest totaling 469,152 shares, a growth of 183.1% from the September 30th total of 165,700 shares. Based on an average daily trading volume, of 973,811 shares, the days-to-cover ratio is presently 0.5 days. Currently, 6.1% of the company’s shares are sold short.

Hedge Funds Weigh In On GraniteShares 2x Long IONQ Daily ETF

An institutional investor recently bought a new stake in GraniteShares 2x Long IONQ Daily ETF stock. Mirae Asset Securities USA Inc. purchased a new stake in shares of GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) in the first quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 40,000 shares of the company’s stock, valued at approximately $432,000. Mirae Asset Securities USA Inc. owned 1.06% of GraniteShares 2x Long IONQ Daily ETF at the end of the most recent reporting period.

GraniteShares 2x Long IONQ Daily ETF Stock Performance

IONL stock traded down $0.58 during midday trading on Thursday, hitting $7.19. The company had a trading volume of 725,038 shares, compared to its average volume of 801,644. GraniteShares 2x Long IONQ Daily ETF has a 52 week low of $6.64 and a 52 week high of $77.75. The stock’s 50 day moving average price is $12.05 and its 200 day moving average price is $20.30.

GraniteShares 2x Long IONQ Daily ETF Company Profile

The Graniteshares ETF Trust – 2X Long IONQ Daily ETF (IONL) is an exchange-traded fund that trades on the NASDAQ exchange in the United States.