Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Shares Shorted: Short Interest Up 173.8% in October

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) was the target of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 11,230,898 shares, an increase of 173.8% from the September 30th total of 4,102,213 shares. Based on an average daily volume of 14,914,202 shares, the days-to-cover ratio is presently 0.8 days. Currently, 39.8% of the company’s stock are short sold.

Defiance Daily Target 2X Long IREN ETF Stock Performance

Shares of IRE stock opened at $2.76 on Friday. The firm has a fifty day simple moving average of $8.20 and a two-hundred day simple moving average of $19.12. Defiance Daily Target 2X Long IREN ETF has a 12 month low of $2.53 and a 12 month high of $124.68.

iShares MSCI Ireland ETF (NYSEARCA: IRE) is an exchange-traded fund managed by BlackRock’s iShares business that provides investors with targeted exposure to Irish equities. Listed on the NYSE Arca, the fund is designed to reflect the performance of an investment benchmark composed of companies domiciled in or with significant exposure to Ireland. It offers a single-ticket way to access the Irish equity market within a U.S.-listed vehicle.

The ETF holds a portfolio of Irish companies spanning multiple sectors, giving investors exposure to the country’s prominent industries such as financials, consumer goods and services, industrials, and healthcare.