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

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREGet Free Report) was the recipient of a large growth in short interest in April. As of April 30th, there was short interest totaling 1,619,284 shares, a growth of 153.2% from the April 15th total of 639,446 shares. Currently, 11.1% of the company’s stock are sold short. Based on an average trading volume of 5,031,472 shares, the short-interest ratio is presently 0.3 days.

Defiance Daily Target 2X Long IREN ETF Stock Performance

NYSEARCA IRE traded down $6.17 during trading on Friday, hitting $26.73. The stock had a trading volume of 6,208,797 shares, compared to its average volume of 6,004,970. The company has a 50-day moving average price of $21.76. Defiance Daily Target 2X Long IREN ETF has a 12 month low of $10.56 and a 12 month 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. StoneX Group Inc. purchased a new stake in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREFree Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 85,543 shares of the company’s stock, valued at approximately $508,000. Institutional investors own 0.95% of the company’s stock.

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.

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