Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX) Trading 5.3% Higher – Here’s What Happened

Defiance Daily Target 2X Long IONQ ETF (NASDAQ:IONX)’s share price shot up 5.3% during trading on Tuesday . The company traded as high as $9.40 and last traded at $9.22. 3,062,051 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 3,889,352 shares. The stock had previously closed at $8.76.

Defiance Daily Target 2X Long IONQ ETF Stock Performance

The business has a 50 day moving average of $20.02 and a two-hundred day moving average of $36.29.

Institutional Trading of Defiance Daily Target 2X Long IONQ ETF

Several hedge funds have recently bought and sold shares of the business. UBS Group AG bought a new stake in Defiance Daily Target 2X Long IONQ ETF during the 4th quarter valued at $2,065,000. Jump Financial LLC bought a new stake in shares of Defiance Daily Target 2X Long IONQ ETF during the second quarter worth about $604,000. Flow Traders U.S. LLC acquired a new stake in shares of Defiance Daily Target 2X Long IONQ ETF in the 2nd quarter worth about $270,000. Finally, Hollencrest Capital Management bought a new position in Defiance Daily Target 2X Long IONQ ETF in the 4th quarter valued at about $48,000.

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.