Short Interest in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Increases By 95.6%

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) was the target of a large increase in short interest in the month of July. As of July 31st, there was short interest totaling 6,692,464 shares, an increase of 95.6% from the July 15th total of 3,421,148 shares. Approximately 25.2% of the shares of the company are sold short. Based on an average daily volume of 10,554,639 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of Defiance Daily Target 2X Long IREN ETF

A hedge fund recently bought a new position 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) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 24,809 shares of the company’s stock, valued at approximately $147,000. 0.95% of the stock is owned by institutional investors and hedge funds.

Defiance Daily Target 2X Long IREN ETF Trading Up 4.0%

Shares of NYSEARCA:IRE opened at $12.35 on Tuesday. The firm’s 50 day moving average price is $15.38 and its 200-day moving average price is $21.86. Defiance Daily Target 2X Long IREN ETF has a twelve month low of $5.70 and a twelve month 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.