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 target of a large increase in short interest in the month of 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. Based on an average trading volume of 1,332,544 shares, the short-interest ratio is presently 0.2 days. Currently, 7.1% of the shares of the company are sold short.

Hedge Funds Weigh In On Tradr 2X Long APP Daily ETF

A number of institutional investors have recently modified their holdings of the stock. Flow Traders U.S. LLC acquired a new stake in shares of Tradr 2X Long APP Daily ETF during the 3rd quarter worth approximately $2,062,000. Hollencrest Capital Management acquired a new stake in shares of Tradr 2X Long APP Daily ETF during the 4th quarter worth approximately $54,000. Finally, CoreCap Advisors LLC acquired a new stake in shares of Tradr 2X Long APP Daily ETF during the 4th quarter worth approximately $53,000.

Tradr 2X Long APP Daily ETF Stock Performance

NASDAQ APPX traded up $1.02 on Friday, hitting $58.10. 379,608 shares of the company’s stock traded hands, compared to its average volume of 912,606. Tradr 2X Long APP Daily ETF has a 1-year low of $22.71 and a 1-year high of $157.62. The firm’s 50-day moving average price is $34.72 and its two-hundred day moving average price is $61.30.

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.