IONX

Defiance Daily Target 2X Long IONQ ETF

$56.94

+0.00%

Market closed. Last update: 10:57 PM ET

📎 Investment Objective

The Defiance Daily Target 2X Long IONQ ETF (IONX) seeks to provide daily investment results that correspond to two times (2x) the daily performance of the common stock of IonQ, Inc., a leading quantum computing company.

Overview

ETF tracking Defiance Daily Target 2X Long IONQ ETF

Category Leveraged

Issuer Other

Inception Date 2025-03-12

Market Cap $49.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $21.31 - $195.07

VWAP $54.26

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a range of financial instruments, such as swap agreements and futures contracts, to gain leveraged exposure to the performance of the IonQ stock. It aims to deliver twice the daily returns of the underlying stock, before fees and expenses.

✨ Key Features

Provides 2x daily leveraged exposure to the stock of IonQ, Inc.
Utilizes derivatives to achieve the desired leveraged performance
Resets daily, so longer-term returns may differ from 2x the underlying stock
Relatively small fund with limited assets under management

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for divergence between the fund's performance and 2x the daily return of the IonQ stock
Liquidity risk due to the small size of the fund
Counterparty risk associated with the use of derivative instruments

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who seek to amplify their daily exposure to the performance of IonQ's stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance, as the leveraged nature of the fund can lead to significant losses over time.