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The Tradr 2X Short IREN Daily ETF (Cboe: IREZ) is designed to deliver two times the inverse (-200%) of the daily performance of IREN Limited common shares, before fees and expenses. The fund is built for sophisticated investors and active traders who want leveraged bearish exposure to IREN, or a short-term hedge against an IREN position, over very short holding periods. It is managed by AXS Investments under the Tradr brand, began trading on January 22, 2026, and carries a 1.49% expense ratio. It rebalances its exposure daily.
IREN Limited (NASDAQ: IREN) develops and operates renewable-energy-powered data centers, primarily supporting bitcoin mining and high-performance computing workloads. Its share price can be influenced by bitcoin prices, mining economics, AI and high-performance computing demand, data-center capacity expansion, power costs, financing and dilution, customer contracts, earnings results, and broader risk sentiment in technology and crypto-linked stocks.
IREZ gives inverse exposure to IREN without requiring the investor to short the stock directly through a margin account. If IREN falls 5% in a trading session, IREZ is designed to gain roughly 10%, before fees, expenses, financing costs and tracking effects. If IREN rises 5% in a session, IREZ is designed to lose roughly 10%.
Kalkine Equities LLC, with Delaware File Number 4697384, Foreign Qualification Registration in California File Number 202109211078, and Texas File Number 805521396, is authorized to provide general advice only. The information on https://kalkine.com/ does not take into account any of your investment objectives, financial situation or needs. You should consider the appropriateness of advice taking into account your own objectives, financial situation and needs and seek independent financial advice before making any financial decisions. The link to our Terms and Conditions and Privacy Policy has been provided for your reference. On the date of publishing the reports (mentioned on the website), employees and/or associates of Kalkine do not hold positions in any of the stocks covered on the website. These stocks can change any time and readers of the reports should not consider these stocks as advice or recommendations later.
Past performance is not a reliable indicator of future performance.
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