Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Trading Up 7.8% – Time to Buy?

Tradr 2X Long APP Daily ETF (NASDAQ:APPX)’s stock price was up 7.8% during trading on Friday . The stock traded as high as $45.22 and last traded at $44.16. Approximately 392,702 shares changed hands during trading, a decline of 55% from the average daily volume of 864,880 shares. The stock had previously closed at $40.97.

Tradr 2X Long APP Daily ETF Stock Up 7.8%

The company has a fifty day moving average price of $33.76 and a two-hundred day moving average price of $26.01.

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

An institutional investor recently bought a new position in Tradr 2X Long APP Daily ETF stock. Flow Traders U.S. LLC bought a new position in shares of Tradr 2X Long APP Daily ETF (NASDAQ:APPX) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,962 shares of the company’s stock, valued at approximately $2,062,000. Flow Traders U.S. LLC owned about 0.37% of Tradr 2X Long APP Daily ETF at the end of the most recent quarter.

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.