Tradr 2X Short IREN Daily ETF (IREZ) Stock Price, Quote, News & History | Benzinga

Under normal market circumstances, the Fund will maintain at least 80 percent exposure to financial instruments that provide two times inverse leveraged exposure to the daily performance of IREN. This may include IREN stock in addition to financial instruments discussed below. The Fund is an actively managed ETF that seeks to achieve on a daily basis, before fees and expenses, minus 200 percent performance of IREN for a single trading day, not for any other period, by entering into one or more swaps and/or purchasing listed options on IREN and/or investing directly in the common stock of IREN. A single trading day is measured from the time the Fund calculates its net asset value (NAV) to the time of the Funds next NAV calculation. However, the use of option contracts or direct investments in common stock of IREN is typically less efficient than swaps and may increase the likelihood that the Fund is unable to achieve its daily minus 2X objective.