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Defiance Daily Target 2x Short IONQ ETF (IONZ): ETF

ETF traded on XNAS under symbol IONZ. Quoted in usd.

Defiance Daily Target 2x Short IONQ ETF logo

Defiance Daily Target 2x Short IONQ ETF

-46.49%$23.83
XNAS:IONZLeveraged/Inverse
AUM $5.86M·YTD --·Yield --
Defiance Daily Target 2x Short IONQ ETF logoXNAS:IONZ$23.83-46.49%
About IONZ

IONZ primarily uses swaps to make bullish bets on the share price of IonQ, Inc. (NYSE: IONQ). IonQ sells quantum computing hardware along with maintenance and support services. The company also provides access to several quantum computers, each with different qubit capacities. The fund aims to maintain daily inverse exposure equivalent to 200% of the daily percentage change in IONQs share price through daily rebalancing. As a geared product, the fund is intended as a short-term tactical tool, rather than as a long-term investment vehicle. As a result, returns may deviate from the expected -2x if held for longer than a single day due to compounding. The Funds collateral for its derivatives positions can include the following: US Government securities, money market funds, short-term bond ETFs, corporate bonds, and other investment-grade short-term unsecured promissory notes.

Largest holdings

  1. Cash & Other277.36%
  2. United States Treasury Bill 11/19/202622.76%
  3. First American Government Obligations Fund 12/01/20310.26%
  4. IONQ INC MAREX-S-13.80%
  5. IONQ INC SWAP CANTOR-S-42.07%
  6. IONQ INC SWAP NOMURA-S-42.38%
  7. IONQ INC SWAP CS-45.93%
  8. IONQ INC SWAP JNST-S-56.20%
Full holdings, sectors and countries
Dividend History
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Total Invested
$70,000
Final Portfolio
$100,699
Total Return
+$30,699
(+43.9%)
Dividends Reinvested
$0
compounded into portfolio
Defaults are seeded from historical performance and trailing twelve-month yield. Past performance is not a forecast. Feel free to adjust any input to model your own assumptions.
ETF Key Metrics
AUM$5.86M
NAV$23.47
Premium/Discount+1.53%
Expense Ratio1.91%
Market Cap$8.21M
Shares Outstanding3.06M
Inception DateJun. 23, 2025
Fund Details
IssuerDefiance
Asset ClassLeveraged/Inverse
Beta-9.94
SectorFinancial Services
DomicileUS
52-Week Range
$17.07$436.81
Current: $23.83
Volume
Volume495.65K
Avg Volume663.37K
Vol/Avg0.75x

30d

160.39K

60d

278.96K

90d

531.46K

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