Tradr 2X Long IREN Daily ETF (IREX)Trading--Leveraged Equity | Exchange Traded Fund | Cboe US
7.16 USD
-2.32
(-24.473%) ⇩
(Oct. 14, 2026, 4 p.m.
EDT)
After hours: 7.09 -0.07 (-0.070%) ⇩ (Oct. 14, 2026, 4:55 p.m. EDT) |
Hot Take ↕ | Oct. 10, 2026, 1:31 a.m. EDT
The leveraged nature of this instrument has created a catastrophic feedback loop. The underlying asset (IREN) rallied, pushing the 2x ETF to parabolic highs, but the daily reset mechanism has since erased nearly 99% of that value, leaving the trust at single-digit prices. The recent price action confirms a freefall, dropping from $19 to under $10 in just two weeks. This is not a standard correction; it is the mechanical destruction of a leveraged vehicle that cannot recover without a massive, sustained rally in the underlying. The options market reflects this panic, with traders buying deep out-of-the-money puts as insurance against further decay. There is no fundamental business case here to support a long-term hold; the entity is effectively a shell of its former self, and the path of least resistance remains sharply downward. |
| Model | MAE |
|---|---|
| AutoETS ✓ | 0.156551 |
| AutoARIMA | 0.159912 |
| MSTL | 0.176076 |
| AutoTheta | 0.788607 |
Forecast horizon: 45 days | Selected: AutoETS
| Forecast Reliability | |
|---|---|
| Score | 23% |
| H-stat | 1.15 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.000 |
| Excess Kurtosis | 1.89 |
| Attribute | Value |
|---|---|
| Trailing P/E | 5.63 |
As of Oct. 10, 2026, 1:31 a.m. EDT: Speculators are heavily positioned for downside protection, evidenced by massive open interest in out-of-the-money puts (strikes 16, 25, 30) compared to negligible call volume. While there is some new call flow at the money, the overwhelming capital allocation is defensive, suggesting a fear of further collapse rather than a bet on a rebound.
| Attribute | Value |
|---|---|
| All Time High | 155.277 |
| All Time Low | 8.058 |
| Ask | 7.12 |
| Ask Size | 19,500 |
| Average Daily Volume10 Day | 2,133,750 |
| Average Daily Volume3 Month | 1,583,198 |
| Average Volume | 1,583,198 |
| Average Volume10Days | 2,133,750 |
| Beta3 Year | 0.0 |
| Bid | 7.03 |
| Bid Size | 9,300 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 8.91 |
| Day Low | 7.06 |
| Eps Trailing Twelve Months | 1.2713019 |
| Esg Populated | 0 |
| Exchange | BTS |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 14.5163 |
| Fifty Day Average Change | -7.3563004 |
| Fifty Day Average Change Percent | -0.5067614 |
| Fifty Two Week Change Percent | -89.03539 |
| Fifty Two Week High | 155.277 |
| Fifty Two Week High Change | -148.11699 |
| Fifty Two Week High Change Percent | -0.95388883 |
| Fifty Two Week Low | 7.06 |
| Fifty Two Week Low Change | 0.099999905 |
| Fifty Two Week Low Change Percent | 0.014164292 |
| Fifty Two Week Range | 7.06 - 155.277 |
| First Trade Date Milliseconds | 1,761,226,200,000 |
| Full Exchange Name | Cboe US |
| Fullday Change | 0.14999962 |
| Fullday Change Percent | 1.5839453 |
| Fullday Price | 7.09 |
| Fund Family | AXS |
| Fund Inception Date | 1,761,091,200 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of IREN. This may include IREN stock in addition to financial instruments. The fund is non-diversified. |
| Long Name | Tradr 2X Long IREN Daily ETF |
| Market | us_market |
| Market State | POST |
| Max Age | 86,400 |
| Message Board Id | finmb_1960496714 |
| Nav Price | 9.46 |
| Net Assets | 49,239,040.0 |
| Net Expense Ratio | 1.3 |
| Open | 8.73 |
| Phone | (414) 299-2295 |
| Post Market Change | -0.069999695 |
| Post Market Change Percent | -0.9776494 |
| Post Market Price | 7.09 |
| Post Market Time | 1,792,011,314 |
| Previous Close | 9.48 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -2.32 |
| Regular Market Change Percent | -24.4726 |
| Regular Market Day High | 8.91 |
| Regular Market Day Low | 7.06 |
| Regular Market Day Range | 7.06 - 8.91 |
| Regular Market Open | 8.73 |
| Regular Market Previous Close | 9.48 |
| Regular Market Price | 7.16 |
| Regular Market Time | 1,792,008,000 |
| Regular Market Volume | 4,537,527 |
| Short Name | Tradr 2X Long IREN Daily ETF |
| Source Interval | 15 |
| Symbol | IREX |
| Total Assets | 49,239,040 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing P E | 5.632022 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | -42.99714 |
| Trailing Three Month Returns | -42.99714 |
| Triggerable | 1 |
| Two Hundred Day Average | 28.43885 |
| Two Hundred Day Average Change | -21.27885 |
| Two Hundred Day Average Change Percent | -0.74823177 |
| Type Disp | ETF |
| Volume | 4,537,527 |
| Ytd Return | -56.07145 |