Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) Sees Significant Increase in Short Interest

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IRE) was the recipient of a significant increase in short interest in October. As of October 15th, there was short interest totaling 11,230,898 shares, an increase of 173.8% from the September 30th total of 4,102,213 shares. Based on an average trading volume of 14,914,202 shares, the days-to-cover ratio is presently 0.8 days. Approximately 39.8% of the company’s stock are short sold.

Defiance Daily Target 2X Long IREN ETF Stock Down 17.9%

Defiance Daily Target 2X Long IREN ETF stock traded down $0.60 during trading hours on Friday, reaching $2.76. 25,187,083 shares of the stock were exchanged, compared to its average volume of 7,688,823. The firm’s 50 day moving average is $8.36 and its 200 day moving average is $19.20. Defiance Daily Target 2X Long IREN ETF has a 52-week low of $2.53 and a 52-week 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.