Defiance Daily Target 2X Short IONQ ETF (IONZ)Trading--Inverse Equity | Exchange Traded Fund | NasdaqGM
29.79 USD
-6.88
(-18.762%) ⇩
(Oct. 15, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | Oct. 10, 2026, 1:09 a.m. EDT
This instrument is a high-conviction momentum play riding a massive wave of speculative selling in the underlying quantum computing sector. The recent price action shows a violent correction from the $436 peak, dropping to the $17-$24 range, which aligns perfectly with the overwhelming options flow showing buyers betting heavily on further declines via deep out-of-the-money puts. While the statistical forecasting model is unreliable and offers no directional guidance, the sheer volume of put buying indicates that speculators expect the underlying rally to fail again. For a short-term trader, the trend is clearly established and building momentum, making this a compelling entry for a continuation trade despite the lack of fundamental value in the underlying business. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.298769 |
| AutoETS | 0.309123 |
| AutoARIMA | 0.311820 |
| AutoTheta | 0.472642 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 28% |
| H-stat | 2.88 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.335 |
| Excess Kurtosis | -0.85 |
As of Oct. 10, 2026, 1:09 a.m. EDT: Speculators are aggressively positioning for continued downside in the underlying asset, evidenced by massive open interest in deep out-of-the-money puts (strikes $3-$6) expiring in early 2027, while call activity remains negligible. This heavy put skew suggests a strong consensus among option buyers that the underlying quantum computing stock will face significant further declines, driving the leveraged inverse ETF higher.
| Attribute | Value |
|---|---|
| All Time High | 1,377.12 |
| All Time Low | 17.07 |
| Ask | 4.01 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 221,540 |
| Average Daily Volume3 Month | 657,238 |
| Average Volume | 657,238 |
| Average Volume10Days | 221,540 |
| Beta3 Year | 0.0 |
| Bid | 2.46 |
| Bid Size | 2 |
| Category | Trading--Inverse Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 39.96 |
| Day Low | 29.78 |
| Display Name | Daily Target 2X Short IONQ ETF |
| Dividend Yield | 0.0 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 26.24226 |
| Fifty Day Average Change | 3.547741 |
| Fifty Day Average Change Percent | 0.1351919 |
| Fifty Two Week Change Percent | -86.58108 |
| Fifty Two Week High | 436.8 |
| Fifty Two Week High Change | -407.00998 |
| Fifty Two Week High Change Percent | -0.9317994 |
| Fifty Two Week Low | 17.07 |
| Fifty Two Week Low Change | 12.720001 |
| Fifty Two Week Low Change Percent | 0.745167 |
| Fifty Two Week Range | 17.07 - 436.8 |
| First Trade Date Milliseconds | 1,750,771,800,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | 2.209999 |
| Fullday Change Percent | 7.4185934 |
| Fullday Price | 29.79 |
| 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 | REGULAR |
| Max Age | 86,400 |
| Message Board Id | finmb_1935475727 |
| Nav Price | 36.7571 |
| Net Assets | 13,664,346.0 |
| Net Expense Ratio | 1.91 |
| Open | 38.31 |
| Previous Close | 36.67 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -6.88 |
| Regular Market Change Percent | -18.7619 |
| Regular Market Day High | 39.96 |
| Regular Market Day Low | 29.78 |
| Regular Market Day Range | 29.78 - 39.96 |
| Regular Market Open | 38.31 |
| Regular Market Previous Close | 36.67 |
| Regular Market Price | 29.79 |
| Regular Market Time | 1,792,094,401 |
| Regular Market Volume | 355,764 |
| Short Name | Defiance Daily Target 2x Short |
| Source Interval | 15 |
| Symbol | IONZ |
| Total Assets | 13,664,346 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -20.9916 |
| Trailing Three Month Returns | -20.9916 |
| Triggerable | 1 |
| Two Hundred Day Average | 101.562416 |
| Two Hundred Day Average Change | -71.772415 |
| Two Hundred Day Average Change Percent | -0.7066828 |
| Type Disp | ETF |
| Volume | 355,764 |
| Yield | 0.0 |
| Ytd Return | -91.02937 |