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
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
- Cash & Other277.36%
- United States Treasury Bill 11/19/202622.76%
- First American Government Obligations Fund 12/01/20310.26%
- IONQ INC MAREX-S-13.80%
- IONQ INC SWAP CANTOR-S-42.07%
- IONQ INC SWAP NOMURA-S-42.38%
- IONQ INC SWAP CS-45.93%
- IONQ INC SWAP JNST-S-56.20%
30d
160.39K
60d
278.96K
90d
531.46K