IONX
Defiance Daily Target 2X Long IONQ ETF
Distribution Rate *
Distribution Frequency
30-Day SEC Yield **
IONX, Daily Target 2X Long IONQ (Ionq, inc) ETF
The Defiance Daily Target 2X Long IONQ ETF (the “Fund”) seeks daily leveraged investment results of two times (200%) the daily percentage change in the share price of IonQ, Inc. (NYSE: IONQ) (the “Underlying Security” or “IONQ”). Because the Fund seeks daily leveraged investment results, it is very different from most other exchange-traded funds. It is also riskier than alternatives that do not use leverage. There is no guarantee that the Fund will meet its stated objective. The fund should not be expected to provide 2X times the cumulative return of IONQ for periods greater than a day.
Underlying Security: IonQ, Inc. (NYSE: IONQ)
IonQ, Inc. sells quantum computing hardware together with related maintenance and support. IONQ also sells access to several quantum computers of various qubit capacities and is in the process of researching and developing technologies for quantum computers with increasing computational capabilities. IONQ is listed on the New York Stock Exchange. Per IONQ’s most recent Form 10-K filing, the aggregate market value of the voting stock of IONQ held by non-affiliates as of June 30, 2023 was $2.3 billion.
The Fund may not achieve investment results, before fees and expenses, that correspond to two times (2x) the daily performance of the underlying security, and may return substantially less during such periods. During such periods, the Fund’s actual leverage levels may differ substantially from its intended target, both intraday and at the close of trading, potentially resulting in significantly lower returns.
Fund Details
Data as of 03/14/2025IONXMarket Price
| YTD | 1 Month | 3 Months | 6 Months | 1 Year | 3 Years | Since Inception | |
|---|---|---|---|---|---|---|---|
| Total Return (NAV) (%) | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% |
| Market Price (%) | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% | –.–% |
| 1 Year | Since Inception | |
|---|---|---|
| Total Return (NAV) (%) | –.–% | –.–% |
| Market Price (%) | –.–% | –.–% |
| 2023 | |
|---|---|
| Total Return (NAV) (%) | –.–% |
| Market Price (%) | –.–% |
Top Holdings
| Name | Symbol | Stock price | % Net assets | Shares Held | Market Value |
|---|---|---|---|---|---|
| Ionq Inc Marex | 46222L108-TRS-04/13/26-L | $25.00 | 194.88% | 465,850 | $11,646,250 |
| Ionq Inc | IONQ | $25.00 | 5.24% | 12,520 | $313,000 |
| First American Government Obligations Fund 12/01/2031 | FGXXX | $100.00 | 0.52% | 31,360 | $31,360 |
| Cash & Other | Cash&Other | $1.00 | -100.64% | -6,014,522 | $-6,014,522 |
| Download Fund Documents |
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Distributions
| Declaration Date | Ex-Div Date | Record Date | Payable Date | Amount ($) | |
|---|---|---|---|---|---|
| — | — | — | — | $– |
| Distribution Rate *
As of — |
-% |
| Distribution Frequency | Monthly |
| 30-Day SEC Yield ** As of — |
-% |
