Short Interest in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Declines By 56.2%

by · The Cerbat Gem

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE – Get Free Report) saw a large drop in short interest in the month of June. As of June 30th, there was short interest totaling 1,479,320 shares, a drop of 56.2% from the June 15th total of 3,379,039 shares. Based on an average trading volume of 4,208,637 shares, the short-interest ratio is currently 0.4 days. Approximately 6.9% of the shares of the stock are sold short.

Institutional Trading of Defiance Daily Target 2X Long IREN ETF

A hedge fund recently bought a new stake in Defiance Daily Target 2X Long IREN ETF stock. StoneX Group Inc. bought a new stake in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE – Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 85,543 shares of the company’s stock, valued at approximately $508,000. 0.95% of the stock is owned by hedge funds and other institutional investors.

Defiance Daily Target 2X Long IREN ETF Price Performance

Shares of NYSEARCA:IRE traded down $0.23 during trading on Wednesday, hitting $11.02. 6,276,068 shares of the stock were exchanged, compared to its average volume of 6,045,887. The company has a fifty day simple moving average of $25.39. Defiance Daily Target 2X Long IREN ETF has a 12-month low of $10.34 and a 12-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.

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