Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Short Interest Up 78.3% in July

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONXGet Free Report) was the recipient of a large growth in short interest in July. As of July 31st, there was short interest totaling 937,542 shares, a growth of 78.3% from the July 15th total of 525,714 shares. Approximately 14.4% of the shares of the company are sold short. Based on an average trading volume of 1,314,916 shares, the short-interest ratio is currently 0.7 days.

Defiance Daily Target 2X Long IONQ ETF Trading Down 9.7%

Shares of Defiance Daily Target 2X Long IONQ ETF stock traded down $3.32 on Tuesday, hitting $31.03. The company had a trading volume of 344,848 shares, compared to its average volume of 1,627,852. Defiance Daily Target 2X Long IONQ ETF has a 52 week low of $16.80 and a 52 week high of $311.86. The business has a 50-day simple moving average of $37.52 and a 200-day simple moving average of $41.75.

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

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

Defiance Daily Target 2X Long IONQ ETF Company Profile

(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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