IOYY was created on 2025-11-04 by GraniteShares. The fund's investment portfolio concentrates primarily on information technology equity. IOYY is actively managed seeking current income and the daily 2x leverage of the price performance of IonQ, Inc. (NYSE: IONQ). The fund sells put option and holds other IONQ-leveraged ETFs. IONQ is a quantum computing company that develops and commercializes trapped-ion quantum computers for use in research and enterprise applications.