Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Short Interest Update

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 3,421,148 shares, an increase of 131.3% from the June 30th total of 1,479,320 shares. Based on an average daily volume of 7,517,193 shares, the days-to-cover ratio is presently 0.5 days. Currently, 14.6% of the shares of the company are sold short.

Defiance Daily Target 2X Long IREN ETF Stock Down 19.6%

IRE traded down $1.83 during midday trading on Tuesday, reaching $7.50. The company had a trading volume of 2,548,184 shares, compared to its average volume of 6,160,911. The company’s 50-day moving average price is $22.22. Defiance Daily Target 2X Long IREN ETF has a 1 year low of $7.47 and a 1 year high of $124.68.

Institutional Investors Weigh In On Defiance Daily Target 2X Long IREN ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long IREN ETF stock. XTX Topco Ltd purchased a new stake in shares of Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 24,809 shares of the company’s stock, valued at approximately $147,000. 0.95% of the stock is owned by institutional investors.

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.