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) saw a significant 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. Currently, 25.2% of the company’s stock are short sold. Based on an average daily trading volume, of 10,554,639 shares, the short-interest ratio is currently 0.6 days.

Hedge Funds Weigh In On 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 stake in shares of Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 24,809 shares of the company’s stock, valued at approximately $147,000. Institutional investors own 0.95% of the company’s stock.

Defiance Daily Target 2X Long IREN ETF Stock Down 3.8%

NYSEARCA IRE traded down $0.47 during midday trading on Friday, hitting $11.88. 6,569,125 shares of the company traded hands, compared to its average volume of 6,469,601. Defiance Daily Target 2X Long IREN ETF has a 52 week low of $5.70 and a 52 week high of $124.68. The company’s 50-day simple moving average is $15.73 and its 200-day simple moving average is $22.28.

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.