Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) was the recipient of unusually large options trading on Thursday. Investors bought 4,074 call options on the stock. This is an increase of approximately 253% compared to the average volume of 1,154 call options.
Tradr 2X Long APP Daily ETF Stock Performance
APPX traded up $5.90 during trading on Thursday, reaching $14.84. The stock had a trading volume of 5,149,677 shares, compared to its average volume of 1,068,205. The stock has a 50 day moving average of $10.96 and a two-hundred day moving average of $29.37. Tradr 2X Long APP Daily ETF has a 1-year low of $6.23 and a 1-year high of $137.64.
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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