Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) saw a significant decline in short interest in June. As of June 30th, there was short interest totaling 227,601 shares, a decline of 38.6% from the June 15th total of 370,879 shares. Approximately 10.3% of the shares of the stock are short sold. Based on an average trading volume of 488,132 shares, the short-interest ratio is currently 0.5 days.
Institutional Investors Weigh In On Tradr 2X Long APP Daily ETF
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Flow Traders U.S. LLC bought a new stake in Tradr 2X Long APP Daily ETF during the third quarter valued at $2,062,000. CoreCap Advisors LLC bought a new position in Tradr 2X Long APP Daily ETF in the 4th quarter worth about $53,000. Finally, Hollencrest Capital Management bought a new position in Tradr 2X Long APP Daily ETF in the 4th quarter worth about $54,000.
Tradr 2X Long APP Daily ETF Stock Performance
NASDAQ APPX traded down $1.24 on Friday, hitting $26.23. The stock had a trading volume of 270,233 shares, compared to its average volume of 796,796. Tradr 2X Long APP Daily ETF has a 52-week low of $22.71 and a 52-week high of $157.62. The firm has a 50-day moving average of $40.19 and a 200-day moving average of $44.93.
About Tradr 2X Long APP Daily ETF
Tradr 2X Long APP Daily ETF (APPX) is a leveraged exchange-traded fund designed to deliver 200% (2x) of the daily performance of AppLovin Corp. (APP) stock, before fees and expenses. The fund primarily uses total return swap agreements with major global financial institutions to achieve its leverage target. If swaps are unavailable or less efficient, it may use FLEX call options or directly hold APP shares. APPX is intended for sophisticated investors and professional traders seeking short-term, tactical exposure to the daily price movements of AppLovin, and is not suitable for long-term holding due to the compounding effects of leverage and daily resets.
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