Tradr 2X Short IREN Daily ETF (IREZ)

The Tradr 2X Short IREN Daily ETF is a single-stock inverse leveraged fund from Tradr ETFs. It seeks daily investment results equal to two times the inverse (-200%) of the daily percentage change in the share price of IREN Limited, the bitcoin mining and AI data center company. The fund is designed to gain when IREN shares fall on a given day and lose when they rise.

It generally uses swap agreements and other derivatives to create this short exposure. The objective applies only to single-day returns, and the leverage resets daily, so over longer periods compounding can cause results to diverge sharply from twice the inverse of IREN's return. The fund is intended for short-term trading.