Ondas stock slips in premarket after 2x leveraged ONDS ETF launch sparks heavy trading
Ondas Holdings slipped 0.6% to $8.94 in premarket trading Wednesday after a 6.3% surge the previous session. Defiance ETFs launched a daily 2x long ETF tied to Ondas, attracting short-term traders. Investors are watching flows into the new fund and a planned 2.39 million-share issuance on Jan. 5, flagged in a recent SEC filing.