Defiance Daily Target 2X Long IONQ ETF (IONX)

The Defiance Daily Target 2X Long IONQ ETF is a single-stock leveraged fund from Defiance ETFs. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of IonQ, Inc., a developer of trapped-ion quantum computers and related networking technology.

The fund generally obtains its exposure through swaps and other derivatives tied to IonQ stock. Its objective applies to single-day returns, and the leverage resets daily, so over periods longer than a day compounding can make results differ substantially from twice the stock's return. IONX is intended for short-term trading.