Defiance Daily Target 2X Short IONQ ETF (IONZ)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
4.53 USD
+0.71
(18.586%)
⇧
(July 13, 2026, 4 p.m.
EDT)
After hours: 4.63 +0.10 (2.208%) ⇧ (July 13, 2026, 7:51 p.m. EDT) |
Hot Take ↕ | July 11, 2026, 6:20 a.m. EDT
This instrument is a high-octane leveraged bet on a quantum computing sector reversal, currently trading at a massive discount to its recent highs due to a brutal multi-year decline in the underlying asset. While the long-term investment thesis is fundamentally broken for a buy-and-hold strategy—given the structural deterioration and lack of earnings—the short-term setup is compelling for tactical traders. The price has recently recovered from a low of $1.73 to nearly $3.82, showing strong momentum, and options flow confirms aggressive speculation on a further bounce. However, investors must remember this is a daily-reset short ETF; compounding decay will erode capital rapidly if the underlying does not continue to fall. It is a speculative vehicle for catching a sector-wide relief rally, not a long-term wealth builder. |
| Model | MAE |
|---|---|
| AutoARIMA ✓ | 1.321288 |
| AutoETS | 1.321339 |
| AutoTheta | 1.326446 |
| MSTL | 1.368505 |
Forecast horizon: 60 days | Selected: AutoARIMA
| Forecast Reliability | |
|---|---|
| Score | 24% |
| H-stat | 3.76 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.073 |
| Excess Kurtosis | -1.21 |
As of July 11, 2026, 6:20 a.m. EDT: Speculators are aggressively betting on a massive rebound in the underlying quantum sector, evidenced by heavy call volume at strikes significantly above current prices (e.g., $40 calls with IV spikes) and substantial put buying at lower strikes ($2-$6) likely representing hedging against volatility or contrarian positioning. The implied volatility surface shows elevated premiums for out-of-the-money calls, suggesting a bullish skew where traders expect a sharp upward move in the underlying asset, despite the short ETF structure.
| Attribute | Value |
|---|---|
| All Time High | 137.712 |
| All Time Low | 1.73 |
| Ask | 5.08 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 16,649,470 |
| Average Daily Volume3 Month | 20,438,404 |
| Average Volume | 20,438,404 |
| Average Volume10Days | 16,649,470 |
| Beta3 Year | 0.0 |
| Bid | 3.3 |
| Bid Size | 2 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 4.585 |
| Day Low | 3.97 |
| 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 | 3.33534 |
| Fifty Day Average Change | 1.1946602 |
| Fifty Day Average Change Percent | 0.35818243 |
| Fifty Two Week Change Percent | -96.10363 |
| Fifty Two Week High | 127.5 |
| Fifty Two Week High Change | -122.97 |
| Fifty Two Week High Change Percent | -0.9644706 |
| Fifty Two Week Low | 1.73 |
| Fifty Two Week Low Change | 2.8000002 |
| Fifty Two Week Low Change Percent | 1.6184973 |
| Fifty Two Week Range | 1.73 - 127.5 |
| First Trade Date Milliseconds | 1,750,771,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | Defiance ETFs LLC |
| Fund Inception Date | 1,750,636,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-06-24 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund is an actively managed exchange traded fund that attempts to achieve 2 times the inverse (-200%) of the daily percentage change in the price of the underlying security by employing derivatives, namely swap agreements and/or listed options contracts. The fund is non-diversified. |
| Long Name | Defiance Daily Target 2X Short IONQ ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1935475727 |
| Nav Price | 3.5389 |
| Net Assets | 21,686,288.0 |
| Net Expense Ratio | 1.29 |
| Open | 3.98 |
| Post Market Change | 0.099999905 |
| Post Market Change Percent | 2.2075033 |
| Post Market Price | 4.63 |
| Post Market Time | 1,783,986,670 |
| Previous Close | 3.82 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | 0.71 |
| Regular Market Change Percent | 18.5864 |
| Regular Market Day High | 4.585 |
| Regular Market Day Low | 3.97 |
| Regular Market Day Range | 3.97 - 4.585 |
| Regular Market Open | 3.98 |
| Regular Market Previous Close | 3.82 |
| Regular Market Price | 4.53 |
| Regular Market Time | 1,783,972,801 |
| Regular Market Volume | 13,723,419 |
| Short Name | Defiance Daily Target 2x Short |
| Source Interval | 15 |
| Symbol | IONZ |
| Total Assets | 21,686,288 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -89.56755 |
| Trailing Three Month Returns | -89.56755 |
| Triggerable | 1 |
| Two Hundred Day Average | 17.070974 |
| Two Hundred Day Average Change | -12.540974 |
| Two Hundred Day Average Change Percent | -0.73463726 |
| Type Disp | ETF |
| Volume | 13,723,419 |
| Yield | 0.0 |
| Ytd Return | -88.64598 |