GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) Trading Up 6.1% – Should You Buy?

GraniteShares 2x Long IONQ Daily ETF (NASDAQ:IONL) shares shot up 6.1% during trading on Thursday . The company traded as high as $31.30 and last traded at $31.19. Approximately 557,762 shares changed hands during mid-day trading, a decline of 33% from the average session volume of 835,999 shares. The stock had previously closed at $29.41.

GraniteShares 2x Long IONQ Daily ETF Trading Up 6.1%

The company has a fifty day moving average of $31.16 and a two-hundred day moving average of $28.52.

Institutional Trading of GraniteShares 2x Long IONQ Daily ETF

A number of hedge funds have recently made changes to their positions in IONL. Group One Trading LLC bought a new stake in shares of GraniteShares 2x Long IONQ Daily ETF during the fourth quarter worth about $80,000. Susquehanna International Group LLP boosted its position in GraniteShares 2x Long IONQ Daily ETF by 159.3% during the 3rd quarter. Susquehanna International Group LLP now owns 16,402 shares of the company’s stock worth $1,377,000 after buying an additional 10,077 shares during the period. Mirae Asset Securities USA Inc. bought a new stake in GraniteShares 2x Long IONQ Daily ETF during the 1st quarter worth approximately $432,000. Finally, SBI Securities Co. Ltd. increased its position in GraniteShares 2x Long IONQ Daily ETF by 374.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 7,289 shares of the company’s stock valued at $240,000 after acquiring an additional 5,754 shares during the period.

GraniteShares 2x Long IONQ Daily ETF Company Profile

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.