Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Short Interest Up 153.2% in April

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREGet Free Report) was the recipient of a significant 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. Currently, 11.1% of the company’s stock are short sold. Based on an average daily trading volume, of 5,031,472 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IREN ETF stock. XTX Topco Ltd bought a new stake in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREFree Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 24,809 shares of the company’s stock, valued at approximately $147,000. 0.95% of the stock is currently owned by hedge funds and other institutional investors.

Defiance Daily Target 2X Long IREN ETF Stock Performance

Shares of NYSEARCA:IRE traded down $5.59 on Friday, hitting $27.31. 4,551,195 shares of the company’s stock were exchanged, compared to its average volume of 5,986,178. The stock’s 50-day moving average is $21.70. Defiance Daily Target 2X Long IREN ETF has a 1-year low of $10.56 and a 1-year 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.

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