GraniteShares 2x Long IONQ Daily ETF IONL
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Relative Strength Index (RSI)
- The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is typically used to identify overbought or oversold conditions in financial markets.
- The RSI is calculated using the following formula:
RSI = 100 - (100 / (1 + RS))
Where RS is the ratio of the average gains to the average losses over a specified period.
- The default time period used is 14 days.
- RSI values range between 0 and 100.
RSI values above 70 are considered overbought (indicating a potentially opportune time to sell)
RSI values below 30 are considered oversold (indicating a potentially opportune time to buy)
RSI is not a perfect indicator and should be used in conjunction with other technical analysis tools, this is for informational purposes only and is not a substitute for professional financial advice.
About
GraniteShares 2x Long IONQ Daily ETF (IONL) Investment Strategy and Portfolio Holdings Overview
GraniteShares 2x Long IONQ Daily ETF (IONL) is a leveraged exchange-traded fund designed to deliver twice (200%) the daily price return of IonQ, Inc. (IONQ) stock. It is intended for short-term tactical trading and requires active monitoring due to the risks associated with leverage and daily compounding. The fund uses FLEX options to amplify exposure to IONQ's stock performance
Key Insights
GraniteShares 2x Long IONQ Daily ETF (IONL) Essential ETF Metrics and Performance Data
Latest Closing Price
$45.05Market Cap
$498,411Average Trade Volume
16,048 SharesTotal Outstanding Shares
140,000 SharesInception Date
March 25, 2025Primary Exchange
NASDAQ
Short Volume
Daily short volume activity identifies short-term trading pressure and potential price volatility
Revenue Breakdown
Distribution of revenue across unique business segments & geographies
Historical Stock Splits
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