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

Tradr 2X Long APP Daily ETF (NASDAQ:APPXGet Free Report) saw a large decrease in short interest in July. As of July 31st, there was short interest totaling 171,432 shares, a decrease of 42.4% from the July 15th total of 297,424 shares. Based on an average trading volume of 318,370 shares, the short-interest ratio is presently 0.5 days. Approximately 6.5% of the shares of the stock are short sold.

Institutional Investors Weigh In On Tradr 2X Long APP Daily ETF

An institutional investor recently bought a new position in Tradr 2X Long APP Daily ETF stock. Flow Traders U.S. LLC acquired a new position in shares of Tradr 2X Long APP Daily ETF (NASDAQ:APPXFree Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Tradr 2X Long APP Daily ETF Stock Performance

APPX stock opened at $13.23 on Monday. The firm has a 50-day moving average of $30.57 and a two-hundred day moving average of $35.26. Tradr 2X Long APP Daily ETF has a 12 month low of $12.30 and a 12 month high of $157.62.

About Tradr 2X Long APP Daily ETF

(Get Free Report)

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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