Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Shares Down 7.2% – Here’s Why

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s stock price dropped 7.2% on Monday . The stock traded as low as $14.28 and last traded at $14.99. Approximately 3,806,385 shares were traded during mid-day trading, an increase of 14% from the average daily volume of 3,350,664 shares. The stock had previously closed at $16.15.

Defiance Daily Target 2X Long IONQ ETF Trading Down 7.2%

The firm’s fifty day moving average is $26.10 and its 200-day moving average is $38.59.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Flow Traders U.S. LLC acquired a new stake in Defiance Daily Target 2X Long IONQ ETF in the second quarter valued at $270,000. Jump Financial LLC purchased a new position in Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter valued at approximately $604,000. Finally, UBS Group AG purchased a new position in shares of 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.