IONL

GraniteShares 2x Long IONQ Daily ETF

$41.60

+0.00%

Market closed. Last update: 11:56 AM ET

📎 Investment Objective

The GraniteShares 2x Long IONQ Daily ETF (IONL) seeks to provide 2x the daily return of the common stock of IONQ, Inc., a quantum computing company.

Overview

ETF tracking GraniteShares 2x Long IONQ Daily ETF

Category Leveraged

Issuer Other

Inception Date 2025-03-25

Market Cap $12.5M

Average Volume N/A

Dividend Yield N/A

52-Week Range $14.84 - $140.74

VWAP $40.08

Performance

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Price Chart

Investment Summary

📎 Investment Objective

The GraniteShares 2x Long IONQ Daily ETF (IONL) seeks to provide 2x the daily return of the common stock of IONQ, Inc., a quantum computing company.

🎯 Investment Strategy

The ETF uses derivatives and leveraged investment techniques to amplify the daily performance of the underlying IONQ stock. It does not seek to achieve its stated investment objective over periods longer than a single day.

✨ Key Features

Provides 2x daily leveraged exposure to IONQ stock
Resets leverage daily, which can lead to compounding effects over longer periods
Relatively new ETF with limited performance history
Expense ratio of 0.00%

⚠️ Primary Risks

Significant risk of loss due to the leveraged nature of the fund
Potential for outsized gains or losses compared to the underlying stock on a given day
Compounding effects can magnify losses over longer holding periods
Lack of diversification as the fund tracks a single stock

👤 Best For

This ETF is intended for experienced, risk-tolerant investors who understand the risks of leveraged products and are seeking short-term, speculative exposure to the performance of IONQ stock. It is not suitable for long-term buy-and-hold investors or those with a low risk tolerance.