NEW YORK, December 31, 2025, 07:17 ET — Premarket
- Ondas shares were up about 0.2% premarket after a 6.3% jump Tuesday.
- Defiance launched ONDL, a daily 2X long ETF linked to Ondas’ share price.
- Traders are watching whether the new fund adds liquidity — and volatility — into year-end.
Ondas Holdings Inc shares were up 0.2% at $9.01 in premarket trading on Wednesday, steady after the stock rose 6.3% in the prior session. Volume on Tuesday ran above typical levels, data and MarketBeat figures showed.
The move followed Defiance ETFs’ launch of the Defiance Daily Target 2X Long ONDS ETF (ONDL), a single-stock leveraged exchange-traded fund tied to Ondas’ shares, the firm said. Defiance said the fund seeks to deliver 200% of Ondas’ daily percentage move — and warned it is designed for one-day holding periods, not longer.
Single-stock leveraged ETFs aim to magnify a stock’s day-to-day swings using derivatives such as swaps and options, then reset exposure each day. That daily reset can cause returns over longer periods to drift away from “2X,” especially when the underlying stock is volatile.
ONDL listed on Cboe’s BZX exchange on Dec. 30, according to Cboe’s listings data.
Ondas closed Tuesday at $8.99 after trading between $8.33 and $9.30, levels that have become immediate reference points for short-term traders. Ondas has seen wide daily ranges through December, leaving it sensitive to products and headlines that pull in fast money.
Outside the tape, U.S. policy remains part of the backdrop for drone-related names. The Federal Communications Commission said on Dec. 22 it updated its “Covered List” — a national-security roster — to add foreign-made drones and critical components on a going-forward basis, which can block new device models from receiving FCC equipment authorization needed for import, marketing or sale in the U.S. The FCC said the change does not affect previously authorized models already in the market. 1
Ondas has been pitching growth across defense and industrial communications. Earlier this month, it completed the acquisition of Roboteam, a maker of tactical unmanned ground vehicles, and Chairman and CEO Eric Brock said: “The Roboteam acquisition adds proven ground robotic capabilities to our autonomous systems portfolio.” 2
The company’s investor relations site lists its most recent SEC items as insider filings dated Dec. 23 and a current report on Form 8-K dated Dec. 18. 3
On Wall Street, eight analysts tracked by MarketScreener show an average price target of $11.50 for Ondas, with targets ranging from $10 to $13 — about 28% above Tuesday’s close. 4
For the session ahead, traders will be watching whether Ondas can push above Tuesday’s $9.30 high and hold the $9 handle, and whether ONDL’s early trading tightens spreads or amplifies intraday swings. Leveraged single-stock ETFs can add mechanical demand and supply as they rebalance, but they can also accelerate reversals when the underlying stock turns.
