Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Shares Up 17.1% – Should You Buy?

Shares of Tradr 2X Long APP Daily ETF (NASDAQ:APPX) traded up 17.1% during mid-day trading on Friday . The stock traded as high as $11.48 and last traded at $11.30. 2,128,408 shares were traded during mid-day trading, an increase of 24% from the average session volume of 1,721,168 shares. The stock had previously closed at $9.65.

Tradr 2X Long APP Daily ETF Stock Performance

The stock has a 50-day moving average of $31.58 and a 200-day moving average of $29.44.

Tradr 2X Long APP Daily ETF Dividend Announcement

The business also recently declared an annual dividend, which was paid on Tuesday, December 30th. Investors of record on Friday, December 26th were paid a $3.3248 dividend. The ex-dividend date of this dividend was Friday, December 26th.

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. CoreCap Advisors LLC bought a new stake in Tradr 2X Long APP Daily ETF (NASDAQ:APPX) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,500 shares of the company’s stock, valued at approximately $53,000. CoreCap Advisors LLC owned approximately 0.07% 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.