Key Highlights

  • FIXX fell 18.06% to $6.10 as screened on Friday, October 23, 2026, the largest move among the six funds.
  • SMTG rose 12.55% to $5.93, implying Semtech gained about 6.3% (calculated).
  • IONZ rose 3.24% to $35.93 after IonQ priced a $2.0 billion equity offering on October 14.
  • DAMD fell 5.80% to $11.53 a day after AMD closed down 8.10% on October 22.
  • FormFactor reports on October 28, AMD on November 3 and IonQ on November 5.

Which Single-Stock Leveraged ETFs Moved on Friday, October 23, 2026, and Why?

Six single-stock funds moved as screened on Friday, October 23, 2026. Defiance 2x Short IONQ ETF (NASDAQ:IONZ) rose 3.24% to $35.93, implying IonQ (NYSE:IONQ) slipped about 1.6% after a $2.0 billion share sale. Defiance Daily Target 2X Short AMD ETF (NYSEARCA:DAMD) fell 5.80% to $11.53 as Advanced Micro Devices (NASDAQ:AMD) rebounded from an 8.10% drop. Tradr 2X Short APLD Daily ETF (CBOE:APLZ) rose 4.81% to $34.40, while Applied Digital (NASDAQ:APLD) carries $6.4 billion of debt.

Leverage Shares 2X Long FORM Daily ETF (CBOE:FOMG) rose 9.02% to $3.93 as FormFactor (NASDAQ:FORM) rebounded from a 15.29% slide. Leverage Shares 2X Long SMTC Daily ETF (CBOE:SMTG) rose 12.55% to $5.93 after Semtech (NASDAQ:SMTC) posted record sales of $341.9 million. Leverage Shares 2x Long FIX Daily ETF (CBOE:FIXX) fell 18.06% to $6.10 a day after Comfort Systems USA (NYSE:FIX) reported a backlog of $17.81 billion. Each implied stock move is the screened move divided by the factor of two (calculated).

Defiance Short IonQ ETF: Why Did It Rise After a $2 Billion Share Sale?

IONZ gained 3.24%, which implies an IonQ decline of about 1.6% (calculated). No new announcement explains Friday. IonQ priced the $2.0 billion offering on October 14 and agreed on October 12 to acquire Elisity in an all-stock deal worth up to $1.3 billion, so dilution has dominated the week.

IonQ builds quantum computers, and second-quarter revenue rose 287% to $80.1 million against a net loss of $1,867.7 million. Full-year 2026 revenue guidance rose to $280 million to $290 million. IONZ jumped 18.70% on Friday, October 16, a day that implies IonQ fell roughly 9.4% (calculated).

Defiance Short AMD ETF: Why Did It Fall 5.80% After AMD's 8.10% Drop?

DAMD's fall implies AMD gained about 2.9% (calculated), after the stock closed down 8.10% at $507.93 on October 22. AMD has slid 11.01% from $570.82 on October 14 (calculated), as chip shares weakened on Brent crude near $111.70 and doubts about AI spending returns.

AMD guided third-quarter revenue to about $13 billion, plus or minus $300 million, after second-quarter revenue of $11.5 billion, up 50%. Data center revenue rose 107% to $6.7 billion, and non-GAAP gross margin was 56%.

Tradr Short Applied Digital ETF: Why Did It Rise on a Modest Stock Dip?

APLZ's gain implies Applied Digital fell about 2.4% (calculated). No company announcement is tied to Friday, and the move sits within a weak day for AI-infrastructure names. The fund completed a 1-for-5 reverse split effective June 3, 2026.

Fiscal first-quarter revenue rose 322% to $341.9 million on October 7, with about $36 billion of contracted lease revenue. Cash and restricted cash of $3.7 billion compares with $6.4 billion of debt at August 31. Polaris Forge 1 reached 250 megawatts of live capacity on October 1.

Leverage Shares Long FormFactor ETF: Why Did It Rebound 9.02% After a 15.29% Slide?

FOMG's gain implies FormFactor rose about 4.5% (calculated), after the stock closed down 15.29% at $95.03 on October 22 when the Nasdaq Composite fell 2.60%. No company item explains that slide, and leveraged funds on other chip names fell roughly 13% to 21%.

FormFactor sells probe cards and test systems for semiconductors. FOMG was $7.91 on October 8, so it has lost about 50% since (calculated). On October 12, FormFactor and Teradyne (NASDAQ:TER) announced a collaboration on next-generation chip testing.

Leverage Shares Long Semtech ETF: Why Did It Gain 12.55% With No Company News?

SMTG's gain implies Semtech rose about 6.3% (calculated). No Semtech announcement was identified. The move followed a Thursday sell-off in chip equipment, when Lam Research (NASDAQ:LRCX) fell 11.76%.

Semtech's record sales were up 33% year over year, with non-GAAP gross margin of 54.5%. Third-quarter sales are guided to $410.0 million, plus or minus $5.0 million, about 20% above the prior quarter (calculated). Free cash flow was $61.4 million.

Leverage Shares Long Comfort Systems ETF: Why Did It Fall 18.06% After Record Results?

FIXX's fall implies Comfort Systems dropped about 9.0% (calculated), a day after third-quarter revenue rose 53.7% to $3.77 billion. Backlog reached $17.81 billion, up 89.9% from a year earlier, and diluted EPS rose 68.6% to $13.91.

No announcement is attached to Friday, and long funds on other AI-infrastructure names also fell. FIXX began trading on August 19, 2026 and its listed positions are worth roughly $132,000 (calculated).

Single-Stock Leveraged ETFs Compared: How Do Screened and Implied Stock Moves Stack Up?

Four of the six funds rose as screened, while DAMD and FIXX fell. The three long funds imply an average absolute stock move of 6.6%, against 2.3% for the three inverse funds (calculated). FIXX, at 18.06%, moved 5.6 times as much as IONZ at 3.24%, a gap of 14.82 percentage points (calculated).

Fees run from 0.75% at FOMG to 1.91% at IONZ, and reported assets from about $566,000 at FOMG to $12.85 million at IONZ, roughly 23 times larger (calculated). Daily resets matter: a 9.0% stock fall followed by a 9.0% gain leaves the stock about 0.8% lower, while a 2x fund ends about 3.2% lower (calculated).

What to Watch Next: FormFactor on October 28, AMD on November 3 and IonQ on November 5

The Federal Reserve meets on October 27 and 28, and rate expectations have driven speculative technology shares this month. FormFactor reports fiscal third-quarter results on Wednesday, October 28, AMD on November 3 and IonQ on Thursday, November 5. Semtech's next results cover the quarter ending in late October, and Comfort Systems investors will follow how its $17.81 billion backlog converts to revenue. These funds are built for single sessions and carry decay risk, and this article is informational only.