GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Stock Price Up 4.9% – Time to Buy?

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) rose 4.9% during trading on Friday . The company traded as high as $11.05 and last traded at $10.62. Approximately 444,577 shares were traded during mid-day trading, a decline of 4% from the average daily volume of 463,715 shares. The stock had previously closed at $10.12.

GraniteShares 2x Long IONQ Daily ETF Stock Up 4.9%

The business’s 50 day simple moving average is $15.13 and its 200 day simple moving average is $43.81.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of IONL. Group One Trading LLC acquired a new position in GraniteShares 2x Long IONQ Daily ETF in the fourth quarter valued at $80,000. SBI Securities Co. Ltd. increased its stake in GraniteShares 2x Long IONQ Daily ETF by 118.3% in the third quarter. SBI Securities Co. Ltd. now owns 1,535 shares of the company’s stock valued at $129,000 after purchasing an additional 832 shares during the period. Finally, Susquehanna International Group LLP increased its stake in GraniteShares 2x Long IONQ Daily ETF by 159.3% in the third quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock valued at $1,377,000 after purchasing an additional 10,077 shares during the period.

About GraniteShares 2x Long IONQ Daily ETF

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.