Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Sees Large Drop in Short Interest

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) saw a large decrease in short interest during the month of September. As of September 15th, there was short interest totaling 4,382,357 shares, a decrease of 54.3% from the August 31st total of 9,585,260 shares. Based on an average daily volume of 6,191,641 shares, the short-interest ratio is presently 0.7 days. Currently, 15.5% of the company’s stock are short sold.

Defiance Daily Target 2X Long IREN ETF Price Performance

Shares of IRE traded down $1.09 during midday trading on Monday, reaching $9.61. The stock had a trading volume of 4,952,018 shares, compared to its average volume of 6,513,326. The company’s fifty day simple moving average is $10.47 and its two-hundred day simple moving average is $18.49. Defiance Daily Target 2X Long IREN ETF has a 1-year low of $5.70 and a 1-year 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.