GraniteShares 2x Long IONQ Daily ETF (IONL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
14.02 USD
-3.21
(-18.630%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 5:55 a.m. EDT
This leveraged daily ETF is currently in a severe downtrend, having lost nearly 85% of its value over the past year and trading well below its moving averages. The recent price action shows a relentless sell-off, dropping from highs near $33 to lows around $17 in just two weeks, confirming a strong short-term bearish bias. The lack of dividends and the leveraged nature of the instrument mean there is no floor to catch a falling knife; compounding losses will continue if the underlying asset remains volatile. While the long-term rating is neutral due to insufficient price history to assess a multi-year trajectory, the current momentum is decisively negative. The options market reflects this panic, with traders buying deep protection rather than speculating on a bounce. Avoid this instrument entirely. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.392203 |
| AutoTheta | 0.397054 |
| AutoETS | 0.397396 |
| AutoARIMA | 0.397400 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 31% |
| H-stat | 1.07 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.401 |
| Excess Kurtosis | -0.51 |
As of July 11, 2026, 5:55 a.m. EDT: Speculators are overwhelmingly positioned for downside protection, evidenced by massive open interest in out-of-the-money puts relative to calls across all expirations. The put/call ratio is heavily skewed toward hedging or betting on further declines, with significant volume spikes in deep OTM puts indicating fear of a sharp drop. Conversely, call activity is sparse, with open interest concentrated in very distant strikes, suggesting a lack of conviction in a near-term recovery.
| Attribute | Value |
|---|---|
| All Time High | 148.84 |
| All Time Low | 8.76 |
| Ask | 17.68 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 495,960 |
| Average Daily Volume3 Month | 1,198,472 |
| Average Volume | 1,198,472 |
| Average Volume10Days | 495,960 |
| Beta3 Year | 0.0 |
| Bid | 11.87 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 16.62 |
| Day Low | 13.78 |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 32.17492 |
| Fifty Day Average Change | -18.154919 |
| Fifty Day Average Change Percent | -0.56425685 |
| Fifty Two Week Change Percent | -62.87438 |
| Fifty Two Week High | 148.84 |
| Fifty Two Week High Change | -134.81999 |
| Fifty Two Week High Change Percent | -0.9058049 |
| Fifty Two Week Low | 8.76 |
| Fifty Two Week Low Change | 5.26 |
| Fifty Two Week Low Change Percent | 0.60045666 |
| Fifty Two Week Range | 8.76 - 148.84 |
| First Trade Date Milliseconds | 1,742,995,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Graniteshares |
| Fund Inception Date | 1,742,774,400 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-03-25 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to replicate 2 times (200%) daily percentage change of the underlying stock by entering financial instruments such as swaps and options on the underlying stock as well as directly purchasing the underlying stock. The fund is non-diversified. |
| Long Name | GraniteShares 2x Long IONQ Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1931399873 |
| Nav Price | 17.17 |
| Net Assets | 86,977,824.0 |
| Net Expense Ratio | 1.5 |
| Open | 16.478 |
| Pre Market Change | 0.73709965 |
| Pre Market Change Percent | 5.2574863 |
| Pre Market Price | 14.7571 |
| Pre Market Time | 1,784,018,084 |
| Previous Close | 17.23 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -3.21 |
| Regular Market Change Percent | -18.6303 |
| Regular Market Day High | 16.62 |
| Regular Market Day Low | 13.78 |
| Regular Market Day Range | 13.78 - 16.62 |
| Regular Market Open | 16.478 |
| Regular Market Previous Close | 17.23 |
| Regular Market Price | 14.02 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 733,535 |
| Short Name | GraniteShares 2x Long IONQ Dail |
| Source Interval | 15 |
| Symbol | IONL |
| Total Assets | 86,977,824 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 150.32437 |
| Trailing Three Month Returns | 150.32437 |
| Triggerable | 1 |
| Two Hundred Day Average | 40.01803 |
| Two Hundred Day Average Change | -25.998028 |
| Two Hundred Day Average Change Percent | -0.6496579 |
| Type Disp | ETF |
| Volume | 733,535 |
| Yield | 0.0 |
| Ytd Return | -17.82781 |