Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) was the target of a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 546,626 shares, a growth of 218.9% from the July 30th total of 171,432 shares. Currently, 20.7% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,296,100 shares, the days-to-cover ratio is currently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Tradr 2X Long APP Daily ETF stock. Hollencrest Capital Management bought a new stake in Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,515 shares of the company’s stock, valued at approximately $54,000.
Tradr 2X Long APP Daily ETF Price Performance
NASDAQ APPX traded up $1.18 during trading hours on Friday, reaching $14.10. The company’s stock had a trading volume of 1,087,652 shares, compared to its average volume of 882,922. The company’s 50-day moving average is $25.70 and its two-hundred day moving average is $32.93. Tradr 2X Long APP Daily ETF has a fifty-two week low of $11.72 and a fifty-two week high of $157.62.
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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