IONZ Overview

Reverse Stock Splits Announcement: Tidal Financial Group and Defiance ETFs are implementing reverse stock splits for five leveraged ETFs, effective December 9, 2025, to reduce outstanding shares and increase share prices without affecting total investment value.

Details of the Splits: The reverse split ratios vary by fund, with reductions in outstanding shares ranging from 75% to 87.5%, and shareholders will automatically receive adjusted share balances without needing to take any action.

Fractional Shares and Tax Considerations: Shareholders may receive cash compensation for fractional shares resulting from the splits, which could have tax implications, prompting the need for consultation with tax advisors.

About Defiance ETFs and Tidal Financial Group: Defiance ETFs focuses on thematic and leveraged ETFs for innovative market exposure, while Tidal Financial Group offers comprehensive ETF solutions to help asset managers launch differentiated strategies.

NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 is down by 426.22 points, currently at 24,567.24, with a total pre-market volume of 670,374,034 shares traded.

Most Active Stocks: Invivyd, Inc. (IVVD) shows a notable increase, while Direxion Daily TSLA Bull 2X Shares (TSLL) and iShares Bitcoin Trust ETF (IBIT) are experiencing declines.

NVIDIA Corporation Earnings Forecast: NVIDIA (NVDA) is down 5.44 points, with an upcoming earnings report scheduled for November 19, 2025, and a consensus EPS forecast of $1.17, indicating a significant year-over-year increase.

Stock Recommendations: Several companies, including D-Wave Quantum Inc. (QBTS) and IonQ, Inc. (IONQ), are currently rated in the "buy range" according to Zacks, despite some experiencing declines in their stock prices.

NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 Pre-Market Indicator is down by 95.16 points, with a total pre-market volume of 204,645,065 shares traded.

Most Active Stocks: Bitfarms Ltd. (BITF) and Direxion Daily TSLA Bull 2X Shares (TSLL) are among the most active stocks, with BITF down to $2.86 and TSLL showing a significant increase from its 52-week low.

Stock Performance Highlights: Circle Internet Group, Inc. (CRCL) is up to $87.00, while Snap Inc. (SNAP) is down to $9.03, with recent earnings forecast revisions indicating potential growth.

Notable Stock Movements: Walt Disney Company (DIS) has seen a significant drop to $109.86, while Alibaba Group Holding Limited (BABA) is up to $164.20, both reflecting varying market sentiments.

NASDAQ 100 Pre-Market Performance: The NASDAQ 100 Pre-Market Indicator is down by 79.65 points, with a total volume of 261,025,701 shares traded.

Active Stocks Overview: Beyond Meat (BYND) is down to $2.84, while Ventyx Biosciences (VTYX) is up to $7.82, reflecting a "buy" recommendation.

Notable Stock Movements: IonQ (IONQ) and D-Wave Quantum (QBTS) have both reached 52-week highs, with IONQ trading at $59.68 and QBTS at $30.59.

Target Price Comparisons: Several stocks, including QuantumScape (QS) and NIO Inc. (NIO), are trading significantly above their target prices, indicating strong market performance.

NASDAQ 100 Pre-Market Indicator: The NASDAQ 100 Pre-Market Indicator is up 11.37 points to 25,152.39, with a total pre-market volume of 257,461,702 shares traded.

Most Active Stocks: Beyond Meat (BYND) leads with 135,675,012 shares traded, currently priced at $2.19, while other notable stocks include GSI Technology (GSIT) and Spero Therapeutics (SPRO).

Stock Performance Highlights: NIO Inc. (NIO) is trading at $6.98, slightly above its target price, while Ford Motor Company (F) is set to report earnings on October 23, 2025, with a forecasted EPS increase of 49%.

Market Trends: IonQ, Inc. (IONQ) and General Motors Company (GM) have shown significant price movements, with GM up 6.54 points to $64.54, reflecting strong market activity.

ETF Outflow Details: The CBOY ETF experienced the largest outflow, losing 200,000 units, which equates to a 40.0% decline in outstanding units compared to the previous week.

Author's Perspective: The opinions expressed in the article are solely those of the author and do not necessarily represent the views of Nasdaq, Inc.