Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE – Get Free Report) saw a large growth in short interest in the month of 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. Currently, 25.2% of the company’s shares are sold short. Based on an average daily volume of 10,554,639 shares, the days-to-cover ratio is currently 0.6 days.
Defiance Daily Target 2X Long IREN ETF Price Performance
Shares of IRE stock traded down $0.47 during mid-day trading on Friday, hitting $11.88. The stock had a trading volume of 6,569,125 shares, compared to its average volume of 6,469,601. Defiance Daily Target 2X Long IREN ETF has a 12-month low of $5.70 and a 12-month high of $124.68. The firm’s 50-day moving average is $15.73 and its two-hundred day moving average is $22.28.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Defiance Daily Target 2X Long IREN ETF stock. StoneX Group Inc. purchased a new position in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 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.
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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