Leverage Shares 2X Long IREN Daily ETF (IREG)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
3.11 USD
-0.92
(-22.829%) ⇩
(Oct. 16, 2026, 4 p.m.
EDT)
After hours: 3.13 +0.02 (0.633%) ⇧ (Oct. 16, 2026, 7:48 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 9:02 a.m. EDT
The 2x leveraged nature of this instrument has turned a volatile underlying into a death spiral for holders. The price has collapsed from a high of $41.60 to under $6.00, erasing nearly 85% of its value. The recent 14-day price action shows a relentless grind lower, dropping another 40% in just two weeks as the leverage compounds daily losses. The options market confirms this bearish consensus: traders are piling into deep out-of-the-money puts, betting on a continued freefall, while call activity is virtually non-existent except for speculative small bets. With no dividend to offset the decay and a statistical forecast model showing very low reliability due to the asset's erratic behavior, there is no mathematical case for a rebound. This is a classic leveraged ETF trap where the compounding drag has permanently damaged the equity curve. |
| Model | MAE |
|---|---|
| MSTL ✓ | 0.270164 |
| AutoETS | 0.274928 |
| AutoARIMA | 0.274941 |
| AutoTheta | 0.319745 |
Forecast horizon: 45 days | Selected: MSTL
| Forecast Reliability | |
|---|---|
| Score | 23% |
| H-stat | 1.34 |
| Ljung-Box p | 0.013 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 2.61 |
As of Oct. 10, 2026, 9:02 a.m. EDT: Speculators are aggressively positioning for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 7, 8, 10) compared to negligible call volume. While there is some new call flow at lower strikes (5, 6), the overwhelming capital deployment is in put writing and buying, creating a dense 'wall' of resistance that suggests a high probability of further decline or a failed bounce attempt.
| Attribute | Value |
|---|---|
| All Time High | 41.595 |
| All Time Low | 3.02 |
| Ask | 9.88 |
| Ask Size | 2 |
| Average Daily Volume10 Day | 1,732,200 |
| Average Daily Volume3 Month | 1,026,957 |
| Average Volume | 1,026,957 |
| Average Volume10Days | 1,732,200 |
| Beta3 Year | 0.0 |
| Bid | 6.1 |
| Bid Size | 2 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 3.72 |
| Day Low | 3.0001 |
| Display Name | 2X Long IREN Daily ETF |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 15 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 8.05124 |
| Fifty Day Average Change | -4.9412403 |
| Fifty Day Average Change Percent | -0.6137241 |
| Fifty Two Week Change Percent | -74.70182 |
| Fifty Two Week High | 41.595 |
| Fifty Two Week High Change | -38.485 |
| Fifty Two Week High Change Percent | -0.9252314 |
| Fifty Two Week Low | 3.0001 |
| Fifty Two Week Low Change | 0.1099 |
| Fifty Two Week Low Change Percent | 0.036632113 |
| Fifty Two Week Range | 3.0001 - 41.595 |
| First Trade Date Milliseconds | 1,765,895,400,000 |
| Full Exchange Name | NasdaqGM |
| Fullday Change | -0.90030026 |
| Fullday Change Percent | -22.339956 |
| Fullday Price | 3.11 |
| Fund Family | Themes ETF Trust |
| Fund Inception Date | 1,765,756,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-12-16 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | The fund invests at least 80% of its net assets (plus borrowings for investment purposes) in financial instruments with economic characteristics that, in combination, provide 200% daily leveraged exposure to the price of IREN, consistent with the fund’s investment objective. It is non-diversified. |
| Long Name | Leverage Shares 2X Long IREN Daily ETF |
| Market | us_market |
| Market State | POSTPOST |
| Max Age | 86,400 |
| Message Board Id | finmb_1969885436 |
| Nav Price | 4.017 |
| Net Assets | 25,127,496.0 |
| Net Expense Ratio | 0.75 |
| Open | 3.7 |
| Post Market Change | 0.01970005 |
| Post Market Change Percent | 0.63344216 |
| Post Market Price | 3.1297 |
| Post Market Time | 1,792,194,497 |
| Previous Close | 4.03 |
| Price Hint | 4 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -0.92 |
| Regular Market Change Percent | -22.8288 |
| Regular Market Day High | 3.72 |
| Regular Market Day Low | 3.0001 |
| Regular Market Day Range | 3.0001 - 3.72 |
| Regular Market Open | 3.7 |
| Regular Market Previous Close | 4.03 |
| Regular Market Price | 3.11 |
| Regular Market Time | 1,792,180,801 |
| Regular Market Volume | 2,670,834 |
| Short Name | Leverage Shares 2X Long IREN Da |
| Source Interval | 15 |
| Symbol | IREG |
| Total Assets | 25,127,496 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -42.23886 |
| Trailing Three Month Returns | -42.23886 |
| Triggerable | 1 |
| Two Hundred Day Average | 15.586365 |
| Two Hundred Day Average Change | -12.476365 |
| Two Hundred Day Average Change Percent | -0.80046666 |
| Type Disp | ETF |
| Volume | 2,670,834 |
| Ytd Return | -53.91917 |