Tradr 2X Long IREN Daily ETF (IREX)

The Tradr 2X Long IREN Daily ETF is a single-stock leveraged fund from Tradr ETFs. It seeks daily investment results equal to two times (200%) the daily percentage change in the share price of IREN Limited, an operator of data centers used for bitcoin mining and AI cloud computing.

The fund typically obtains its exposure through swap agreements referencing IREN stock. Its objective applies to single-day returns, and the leverage resets daily, so over periods longer than one day compounding can make the fund's performance differ markedly from twice IREN's return. IREX is designed for short-term trading.