Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) saw a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 227,601 shares, a decrease of 38.6% from the June 15th total of 370,879 shares. Based on an average trading volume of 488,132 shares, the days-to-cover ratio is presently 0.5 days. Currently, 10.3% of the company’s shares are short sold.
Tradr 2X Long APP Daily ETF Price Performance
Tradr 2X Long APP Daily ETF stock traded down $1.91 during trading on Friday, reaching $25.56. The company had a trading volume of 91,626 shares, compared to its average volume of 795,308. Tradr 2X Long APP Daily ETF has a 12-month low of $22.71 and a 12-month high of $157.62. The stock’s 50 day moving average price is $40.39 and its two-hundred day moving average price is $45.06.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in Tradr 2X Long APP Daily ETF in the third quarter valued at approximately $2,062,000. Hollencrest Capital Management acquired a new stake in Tradr 2X Long APP Daily ETF during the 4th quarter valued at approximately $54,000. Finally, CoreCap Advisors LLC purchased a new stake in Tradr 2X Long APP Daily ETF during the 4th quarter worth approximately $53,000.
Tradr 2X Long APP Daily ETF Company Profile
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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