Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) saw a significant increase in short interest in August. As of August 14th, there was short interest totaling 546,626 shares, an increase of 218.9% from the July 30th total of 171,432 shares. Approximately 20.7% of the shares of the stock are short sold. Based on an average daily volume of 2,296,100 shares, the days-to-cover ratio is presently 0.2 days.
Tradr 2X Long APP Daily ETF Stock Up 3.3%
Tradr 2X Long APP Daily ETF stock traded up $0.42 during trading hours on Friday, hitting $13.34. The stock had a trading volume of 3,203,359 shares, compared to its average volume of 897,081. Tradr 2X Long APP Daily ETF has a 1-year low of $11.72 and a 1-year high of $157.62. The stock’s fifty day moving average is $25.28 and its two-hundred day moving average is $32.80.
Institutional Trading of Tradr 2X Long APP Daily ETF
A hedge fund recently bought a new stake in Tradr 2X Long APP Daily ETF stock. Hollencrest Capital Management acquired a new stake in Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,515 shares of the company’s stock, valued at approximately $54,000.
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.
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