Short Interest in Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Rises By 239.2%

Tradr 2X Long APP Daily ETF (NASDAQ:APPX) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 300,125 shares, an increase of 239.2% from the April 30th total of 88,478 shares. Approximately 7.1% of the company’s stock are short sold. Based on an average trading volume of 1,332,544 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of Tradr 2X Long APP Daily ETF

Large investors have recently bought and sold shares of the stock. CoreCap Advisors LLC purchased a new stake in Tradr 2X Long APP Daily ETF during the 4th quarter worth approximately $53,000. Hollencrest Capital Management purchased a new stake in Tradr 2X Long APP Daily ETF during the 4th quarter worth approximately $54,000. Finally, Flow Traders U.S. LLC purchased a new stake in Tradr 2X Long APP Daily ETF during the 3rd quarter worth approximately $2,062,000.

Tradr 2X Long APP Daily ETF Trading Up 4.3%

NASDAQ APPX opened at $59.55 on Friday. The company has a 50 day moving average price of $35.21 and a 200 day moving average price of $61.29. Tradr 2X Long APP Daily ETF has a 52 week low of $22.71 and a 52 week high of $157.62.

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.