IONL — GraniteShares 2x Long IONQ Daily ETF
GraniteShares 2x Long IONQ Daily ETF (IONL)
IONL pays a 0.00% distribution rate, on a 1.50% expense ratio. Total return is -22.9% over the past 1.4 years, 104.0 points behind IONQ at 81.1%. Its deepest 1-year drawdown was 93.5%.
GraniteShares 2x Long IONQ Daily ETF provides leveraged exposure to IonQ, a quantum computing company, through a 2x daily reset mechanism designed to amplify price movements of the underlying stock. The fund carries a 1.50% expense ratio, generates no dividend distributions, and is structured primarily for tactical trading rather than income generation. This leveraged equity ETF appeals to active traders and risk-tolerant investors seeking amplified exposure to quantum computing sector movements, though the daily reset mechanism and leverage multiples make it unsuitable for buy-and-hold strategies.
IONL key facts
- Issuer
- GraniteShares
- Asset type
- ETF
- Asset class
- Equity
- Inception date
- 03/24/2025
- Expense ratio
- 1.50%
- Distribution rate
- 0.00%
- Last close
- $18.33
- AUM
- $41,920,789
- Average volume
- 515000.0
- Beta
- 6.6549
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