Shares of Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) traded down 3% on Thursday . The stock traded as low as $12.89 and last traded at $13.46. 1,389,925 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 921,712 shares. The stock had previously closed at $13.87.
Tradr 2X Long APP Daily ETF Price Performance
The business has a 50 day simple moving average of $17.64 and a 200-day simple moving average of $30.74.
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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