Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report)’s share price was down 9.2% during mid-day trading on Friday. The company traded as low as $8.79 and last traded at $8.92. Approximately 527,662 shares were traded during trading, a decline of 49% from the average session volume of 1,028,057 shares. The stock had previously closed at $9.82.
Tradr 2X Long APP Daily ETF Stock Performance
The company’s 50 day moving average is $12.19 and its 200-day moving average is $27.10.
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.
Further Reading
- Five stocks we like better than Tradr 2X Long APP Daily ETF
- Rocket Lab’s Neutron Delay Leaves Wall Street Bullish But Raises the Stakes for 2027
- ManpowerGroup Stock Sinks on Q3 Results, But Fundamentals Stay Solid
- Does the AI Selloff Put Alphabet’s Breakout in Doubt?
- Bank Earnings Are Mixed—These 2 ETFs Offer Very Different Paths to a Recovery
Receive News & Ratings for Tradr 2X Long APP Daily ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tradr 2X Long APP Daily ETF and related companies with MarketBeat.com's FREE daily email newsletter.
