Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Shares Shorted: Short Interest Up 387.6% in September

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

Tradr 2X Long APP Daily ETF Stock Performance

NASDAQ APPX opened at $12.56 on Friday. The firm has a 50-day moving average of $16.40 and a 200-day moving average of $29.90. Tradr 2X Long APP Daily ETF has a 52-week low of $11.72 and a 52-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.