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 large growth in short interest in July. As of July 31st, there was short interest totaling 6,692,464 shares, a growth of 95.6% from the July 15th total of 3,421,148 shares. Based on an average daily trading volume, of 10,554,639 shares, the short-interest ratio is currently 0.6 days. Currently, 25.2% of the shares of the stock are sold short.

Defiance Daily Target 2X Long IREN ETF Price Performance

Defiance Daily Target 2X Long IREN ETF stock traded up $0.47 during trading on Monday, reaching $12.35. The company had a trading volume of 6,494,408 shares, compared to its average volume of 6,469,906. The firm’s 50-day simple moving average is $15.73 and its 200 day simple moving average is $22.15. Defiance Daily Target 2X Long IREN ETF has a 1-year low of $5.70 and a 1-year high of $124.68.

Institutional Trading of Defiance Daily Target 2X Long IREN ETF

An institutional investor recently bought a new position in Defiance Daily Target 2X Long IREN ETF stock. XTX Topco Ltd 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. The institutional investor purchased 24,809 shares of the company’s stock, valued at approximately $147,000. Hedge funds and other 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.