GraniteShares 2x Long IONQ Daily ETF (IONL)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
12.60 USD
-2.24
(-15.094%) ⇩
(Aug. 28, 2026, 4 p.m.
EDT)
After hours: 12.75 +0.15 (1.190%) ⇧ (Aug. 28, 2026, 7:58 p.m. EDT) |
Hot Take ↕ | Aug. 22, 2026, 1:46 a.m. EDT
This is a leveraged daily ETF tracking a volatile quantum computing stock, making it a high-risk instrument unsuitable for standard investment strategies. The price history reveals a catastrophic failure: the asset has lost nearly 95% of its value over the last year, plummeting from a high of $148 to the current range of $14-$18. This is not a temporary correction; it is a structural implosion where the market has priced out the underlying business entirely. The recent price action shows a brief, failed attempt to recover in mid-August before collapsing again, leaving the stock trading near its 52-week lows. With zero dividends and a balance sheet likely eroded by the massive drawdown, there is no margin of safety. The options market confirms this despair, with traders buying deep puts to protect against further ruin while ignoring the underlying fundamentals. Avoid this security. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 0.598246 |
| AutoETS | 0.607816 |
| MSTL | 0.627657 |
| AutoTheta | 0.726990 |
Forecast horizon: 45 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 30% |
| H-stat | 1.52 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.476 |
| Excess Kurtosis | -0.65 |
As of Aug. 22, 2026, 1:46 a.m. EDT: Speculators are positioning defensively with heavy out-of-the-money put open interest walls at strikes significantly below the current price, creating a 'floor' around $9-$11. Call activity is sparse and scattered, with notable volume spikes at distant strikes ($30, $44, $60, $76) suggesting speculative bets on massive volatility events rather than directional bias. The implied volatility surface shows extreme spikes at deep out-of-the-money strikes for both calls and puts, indicating fear of a binary crash or a massive spike, while the overall positioning leans bearish.
| Attribute | Value |
|---|---|
| All Time High | 148.84 |
| All Time Low | 8.76 |
| Ask | 17.67 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 449,360 |
| Average Daily Volume3 Month | 665,673 |
| Average Volume | 665,673 |
| Average Volume10Days | 449,360 |
| Beta3 Year | 0.0 |
| Bid | 10.78 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 14.43 |
| Day Low | 12.2101 |
| 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 | 17.0817 |
| Fifty Day Average Change | -4.481699 |
| Fifty Day Average Change Percent | -0.26236844 |
| Fifty Two Week Change Percent | -71.409775 |
| Fifty Two Week High | 148.84 |
| Fifty Two Week High Change | -136.23999 |
| Fifty Two Week High Change Percent | -0.9153453 |
| Fifty Two Week Low | 8.76 |
| Fifty Two Week Low Change | 3.8400002 |
| Fifty Two Week Low Change Percent | 0.43835616 |
| Fifty Two Week Range | 8.76 - 148.84 |
| First Trade Date Milliseconds | 1,742,995,800,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -2.24 |
| Fullday Change Percent | -15.0943 |
| Fullday Price | 12.75 |
| 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 | CLOSED |
| Max Age | 86,400 |
| Message Board Id | finmb_1931399873 |
| Nav Price | 14.89 |
| Net Assets | 55,805,748.0 |
| Net Expense Ratio | 1.5 |
| Open | 14.31 |
| Post Market Change | 0.14999962 |
| Post Market Change Percent | 1.1904731 |
| Post Market Price | 12.75 |
| Post Market Time | 1,787,961,511 |
| Previous Close | 14.84 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.24 |
| Regular Market Change Percent | -15.0943 |
| Regular Market Day High | 14.43 |
| Regular Market Day Low | 12.2101 |
| Regular Market Day Range | 12.2101 - 14.43 |
| Regular Market Open | 14.31 |
| Regular Market Previous Close | 14.84 |
| Regular Market Price | 12.6 |
| Regular Market Time | 1,787,947,201 |
| Regular Market Volume | 660,772 |
| Short Name | GraniteShares 2x Long IONQ Dail |
| Source Interval | 15 |
| Symbol | IONL |
| Total Assets | 55,805,748 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -50.92282 |
| Trailing Three Month Returns | -50.92282 |
| Triggerable | 1 |
| Two Hundred Day Average | 26.39561 |
| Two Hundred Day Average Change | -13.79561 |
| Two Hundred Day Average Change Percent | -0.5226479 |
| Type Disp | ETF |
| Volume | 660,772 |
| Yield | 0.0 |
| Ytd Return | -64.40523 |