Tradr 2X Long IREN Daily ETF (BATS:IREX) Shares Shorted: Short Interest Up 132.5% in September

Tradr 2X Long IREN Daily ETF (BATS:IREX – Get Free Report) saw a large increase in short interest in September. As of September 30th, there was short interest totaling 1,471,550 shares, an increase of 132.5% from the September 15th total of 632,926 shares. Based on an average daily trading volume, of 1,424,360 shares, the short-interest ratio is currently 1.0 days.

Tradr 2X Long IREN Daily ETF Stock Up 0.1%

Shares of BATS:IREX opened at $9.48 on Wednesday. Tradr 2X Long IREN Daily ETF has a 12-month low of $8.06 and a 12-month high of $155.28.

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T-REX 2X Long IREN Daily Target ETF (BATS:IREX) is an exchange-traded fund designed to provide approximately twice the daily performance of IREN Limited, before fees and expenses. The fund seeks its investment objective primarily through derivatives and other financial instruments rather than by directly owning IREN’s common stock.

IREX is intended for investors seeking leveraged, short-term exposure to movements in IREN’s share price. Because its exposure is reset daily, the fund’s return over periods longer than one trading day may differ significantly from two times IREN’s cumulative return, particularly in volatile markets.

The ETF is part of the T-REX leveraged ETF lineup and trades on the Cboe BZX Exchange.

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