Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Short Interest Down 38.6% in June

Tradr 2X Long APP Daily ETF (NASDAQ:APPX) was the target of a large decline in short interest in June. As of June 30th, there was short interest totaling 227,601 shares, a decline of 38.6% from the June 15th total of 370,879 shares. Based on an average daily volume of 488,132 shares, the days-to-cover ratio is currently 0.5 days. Currently, 10.3% of the shares of the stock are short sold.

Tradr 2X Long APP Daily ETF Stock Performance

Shares of NASDAQ:APPX opened at $29.86 on Thursday. Tradr 2X Long APP Daily ETF has a 1-year low of $22.71 and a 1-year high of $157.62. The company has a 50 day moving average price of $40.66 and a 200 day moving average price of $45.71.

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

A number of institutional investors and hedge funds have recently modified their holdings of APPX. Flow Traders U.S. LLC purchased a new stake in shares of Tradr 2X Long APP Daily ETF during the third quarter valued at $2,062,000. Hollencrest Capital Management purchased a new position in Tradr 2X Long APP Daily ETF in the 4th quarter worth about $54,000. Finally, CoreCap Advisors LLC purchased a new position in Tradr 2X Long APP Daily ETF in the 4th quarter worth about $53,000.

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.