Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Sees Large Growth in Short Interest

Tradr 2X Long APP Daily ETF (NASDAQ:APPX) was the recipient of a large increase in short interest in September. As of September 15th, there was short interest totaling 1,828,299 shares, an increase of 387.6% from the August 31st total of 374,959 shares. Based on an average daily trading volume, of 1,280,621 shares, the days-to-cover ratio is currently 1.4 days. Approximately 37.4% of the shares of the company are sold short.

Tradr 2X Long APP Daily ETF Price Performance

APPX opened at $12.56 on Friday. Tradr 2X Long APP Daily ETF has a fifty-two week low of $11.72 and a fifty-two week high of $157.62. The stock has a fifty day moving average of $16.40 and a 200-day moving average of $29.90.

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.