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

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) was the recipient of a significant increase in short interest in 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 currently 0.5 days. Currently, 14.6% of the shares of the company are short sold.

Defiance Daily Target 2X Long IREN ETF Stock Performance

NYSEARCA IRE traded down $1.83 during trading hours on Tuesday, hitting $7.50. The company’s stock had a trading volume of 2,548,184 shares, compared to its average volume of 6,160,911. Defiance Daily Target 2X Long IREN ETF has a 12 month low of $7.47 and a 12 month high of $124.68. The stock has a 50 day moving average price of $22.22.

Institutional Trading of Defiance Daily Target 2X Long IREN ETF

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

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.