Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) saw a significant growth in short interest during the month of May. As of May 15th, there was short interest totaling 300,125 shares, a growth of 239.2% from the April 30th total of 88,478 shares. Based on an average daily volume of 1,332,544 shares, the short-interest ratio is presently 0.2 days. Currently, 7.1% of the company’s stock are sold short.
Tradr 2X Long APP Daily ETF Price Performance
APPX traded up $1.02 on Friday, hitting $58.10. The company had a trading volume of 379,608 shares, compared to its average volume of 912,606. The stock has a fifty day moving average price of $34.72 and a 200-day moving average price of $61.30. Tradr 2X Long APP Daily ETF has a 12-month low of $22.71 and a 12-month high of $157.62.
Institutional Investors Weigh In On Tradr 2X Long APP Daily ETF
Several institutional investors have recently bought and sold shares of the company. Hollencrest Capital Management acquired a new stake in Tradr 2X Long APP Daily ETF in the fourth quarter valued at approximately $54,000. CoreCap Advisors LLC acquired a new stake in Tradr 2X Long APP Daily ETF in the fourth quarter valued at approximately $53,000. Finally, Flow Traders U.S. LLC purchased a new stake in Tradr 2X Long APP Daily ETF in the third quarter valued at about $2,062,000.
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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