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

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) saw a large growth in short interest during the month of 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. Based on an average daily volume of 5,031,472 shares, the short-interest ratio is currently 0.3 days. Currently, 11.1% of the shares of the company are short sold.

Defiance Daily Target 2X Long IREN ETF Stock Performance

NYSEARCA IRE traded down $5.59 during trading on Friday, reaching $27.31. The company’s stock had a trading volume of 4,551,195 shares, compared to its average volume of 5,986,178. The business’s fifty day moving average is $21.70. Defiance Daily Target 2X Long IREN ETF has a twelve month low of $10.56 and a twelve month high of $124.68.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IREN ETF stock. StoneX Group Inc. purchased a new position in shares of Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 85,543 shares of the company’s stock, valued at approximately $508,000. 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.