In trading on Monday, shares of the Defiance Daily Target 2X Short IONQ ETF (Symbol: IONZ) fell as low as $3.165 per share, entering oversold territory with a Relative Strength Index (RSI) reading of 29.9. An asset is classified as oversold when its RSI is below 30; for comparison, the S&P 500 has an RSI of 76.7.
The ETF’s 52-week low is $3.165, while the high reached $137.7114. Currently, shares are trading down approximately 32.3% on the day, with the last trade reported at $3.51.
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