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

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) saw a significant drop in short interest in September. As of September 15th, there was short interest totaling 4,382,357 shares, a drop of 54.3% from the August 31st total of 9,585,260 shares. Approximately 15.5% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,191,641 shares, the short-interest ratio is presently 0.7 days.

Defiance Daily Target 2X Long IREN ETF Stock Performance

Shares of NYSEARCA IRE traded down $0.21 during trading on Tuesday, reaching $9.40. The company had a trading volume of 5,779,176 shares, compared to its average volume of 6,509,747. Defiance Daily Target 2X Long IREN ETF has a twelve month low of $5.70 and a twelve month high of $124.68. The stock has a 50-day moving average price of $10.37 and a two-hundred day moving average price of $18.35.

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.