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

Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREGet Free Report) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 1,479,320 shares, a decrease 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. Currently, 6.9% of the company’s stock are sold short.

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Defiance Daily Target 2X Long IREN ETF stock. XTX Topco Ltd purchased a new position in Defiance Daily Target 2X Long IREN ETF (NYSEARCA:IREFree Report) in the 4th quarter, according to the company in 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. 0.95% of the stock is owned by institutional investors and hedge funds.

Defiance Daily Target 2X Long IREN ETF Price Performance

IRE traded down $0.25 during trading on Tuesday, reaching $11.26. The company’s stock had a trading volume of 5,399,400 shares, compared to its average volume of 6,038,371. Defiance Daily Target 2X Long IREN ETF has a 1 year low of $10.34 and a 1 year high of $124.68. The stock has a fifty day simple moving average of $26.29.

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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