IONZ

Defiance Daily Target 2x Short IONQ ETF

$5.20

+0.00%

Market closed. Last update: 10:56 PM ET

📎 Investment Objective

The Defiance Daily Target 2x Short IONQ ETF (IONZ) seeks to provide daily investment results that correspond to twice the inverse (-2x) of the daily performance of the common stock of IonQ, Inc., a quantum computing company.

Overview

ETF tracking Defiance Daily Target 2x Short IONQ ETF

Category Inverse

Issuer Other

Inception Date 2025-06-24

Market Cap $75.7M

Average Volume N/A

Dividend Yield N/A

52-Week Range $2.30 - $22.95

VWAP $5.42

Performance

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Price Chart

Investment Summary

📎 Investment Objective

🎯 Investment Strategy

The fund uses a combination of financial instruments, such as futures contracts and swaps, to achieve its daily -2x target exposure to the underlying stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Inverse 2x exposure to the daily performance of IonQ, Inc. stock
Designed for short-term, tactical trading rather than long-term investment
Resets exposure daily, which can lead to compounding effects over longer periods
Relatively low assets under management and expense ratio of 0.00%

⚠️ Primary Risks

Significant daily volatility and potential for large losses, especially over periods longer than one day
Risk of compounding losses due to the daily resetting of exposure
Lack of long-term performance history to evaluate
Liquidity risk due to low assets under management

👤 Best For

This ETF is intended for experienced, risk-tolerant traders who seek short-term, speculative exposure to the inverse performance of IonQ, Inc. stock. It is not suitable for long-term, buy-and-hold investors or those with a low risk tolerance.