Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Stock Price Down 5.7% – Here’s Why

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

Defiance Daily Target 2X Long IONQ ETF Trading Up 1.0%

The company’s fifty day simple moving average is $40.51 and its 200-day simple moving average is $58.09.

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

Institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new position in shares of Defiance Daily Target 2X Long IONQ ETF during the fourth quarter valued at approximately $48,000. UBS Group AG acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the fourth quarter worth approximately $2,065,000. Jump Financial LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth approximately $604,000. Finally, Flow Traders U.S. LLC purchased a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth approximately $270,000.

About Defiance Daily Target 2X Long IONQ ETF

(Get Free Report)

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.

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