Tradr 2X Long APP Daily ETF (NASDAQ:APPX) Shares Shorted: Short Interest Up 387.6% in September

Tradr 2X Long APP Daily ETF (NASDAQ:APPX) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 1,828,299 shares, a growth of 387.6% from the August 31st total of 374,959 shares. Based on an average daily trading volume, of 1,280,621 shares, the days-to-cover ratio is presently 1.4 days. Currently, 37.4% of the company’s stock are sold short.

Tradr 2X Long APP Daily ETF Stock Performance

Shares of Tradr 2X Long APP Daily ETF stock traded down $0.14 during trading on Friday, hitting $12.42. 829,250 shares of the stock traded hands, compared to its average volume of 962,872. The stock’s fifty day simple moving average is $16.13 and its 200 day simple moving average is $29.78. Tradr 2X Long APP Daily ETF has a 52-week low of $11.72 and a 52-week high of $157.62.

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.