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. Approximately 20.7% of the shares of the stock are sold short. Based on an average trading volume of 2,296,100 shares, the short-interest ratio is presently 0.2 days.
Institutional Inflows and Outflows
An institutional investor recently bought a new position in Tradr 2X Long APP Daily ETF stock. Flow Traders U.S. LLC acquired a new stake in Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 13,962 shares of the company’s stock, valued at approximately $2,062,000. Flow Traders U.S. LLC owned about 0.37% of Tradr 2X Long APP Daily ETF at the end of the most recent reporting period.
Tradr 2X Long APP Daily ETF Price Performance
APPX traded up $0.33 on Thursday, reaching $12.88. The stock had a trading volume of 866,404 shares, compared to its average volume of 882,619. 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 firm has a 50-day moving average of $26.12 and a 200-day moving average of $33.08.
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.
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