Tradr 2X Long IREN Daily ETF (BATS:IREX) Stock Short Interest Jumps 104.5%

Tradr 2X Long IREN Daily ETF (BATS:IREX) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 3,009,056 shares, an increase of 104.5% from the September 30th total of 1,471,550 shares. Based on an average daily trading volume, of 3,076,214 shares, the short-interest ratio is currently 1.0 days.

Tradr 2X Long IREN Daily ETF Stock Down 18.0%

Shares of IREX stock opened at $4.10 on Friday. Tradr 2X Long IREN Daily ETF has a 52-week low of $3.77 and a 52-week high of $155.28.

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.