The Defiance Daily Target 2X Long IREN ETF (IRE) surged 20.21% to close at $31.11 on May 21, 2026, driven by growing Wall Street optimism surrounding its underlying stock, IREN Limited. This massive move built upon a strong 20.20% gain from the prior trading session.
- Investor sentiment remains highly bullish on IREN's rapid strategic transition from Bitcoin mining to AI cloud services and data centers.
- Following the multi-day rally, the ETF experienced a minor pullback on May 22, 2026, closing down 4.31% at $29.77.