Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Short Interest Update

Tradr 2X Long APP Daily ETF (NASDAQ:APPX) was the recipient of a large decline in short interest during the month of July. As of July 31st, there was short interest totaling 171,432 shares, a decline of 42.4% from the July 15th total of 297,424 shares. Currently, 6.5% of the company’s shares are sold short. Based on an average trading volume of 318,370 shares, the days-to-cover ratio is presently 0.5 days.

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

An institutional investor recently bought a new stake in Tradr 2X Long APP Daily ETF stock. Hollencrest Capital Management purchased a new stake in Tradr 2X Long APP Daily ETF (NASDAQ:APPX) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,515 shares of the company’s stock, valued at approximately $54,000.

Tradr 2X Long APP Daily ETF Price Performance

Shares of APPX opened at $13.23 on Monday. Tradr 2X Long APP Daily ETF has a 12-month low of $12.30 and a 12-month high of $157.62. The firm has a 50-day moving average price of $30.57 and a 200 day moving average price of $35.26.

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.