Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) was the recipient of a large increase in short interest in August. As of August 14th, there was short interest totaling 546,626 shares, an increase of 218.9% from the July 30th total of 171,432 shares. Based on an average daily volume of 2,296,100 shares, the short-interest ratio is presently 0.2 days. Currently, 20.7% of the shares of the company are short sold.
Tradr 2X Long APP Daily ETF Stock Up 2.6%
Shares of NASDAQ APPX traded up $0.33 during midday trading on Thursday, reaching $12.88. The company’s stock had a trading volume of 866,404 shares, compared to its average volume of 882,619. The business’s 50 day moving average price is $26.12 and its two-hundred day moving average price is $33.08. Tradr 2X Long APP Daily ETF has a fifty-two week low of $11.72 and a fifty-two week high of $157.62.
Institutional Inflows and Outflows
A hedge fund recently bought a new position in Tradr 2X Long APP Daily ETF stock. Hollencrest Capital Management acquired a new position in shares of Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,515 shares of the company’s stock, valued at approximately $54,000.
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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