Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) passed above its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of $11.00 and traded as high as $15.13. Tradr 2X Long APP Daily ETF shares last traded at $14.51, with a volume of 9,254,646 shares changing hands.
Tradr 2X Long APP Daily ETF Trading Up 62.3%
The business has a 50-day moving average price of $11.00 and a 200-day moving average price of $29.07.
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.
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