Tradr 2X Long APP Daily ETF (NASDAQ:APPX – Get Free Report) saw unusually large options trading on Thursday. Investors purchased 4,074 call options on the company. This represents an increase of approximately 253% compared to the average daily volume of 1,154 call options.
Tradr 2X Long APP Daily ETF Trading Up 66.0%
Shares of NASDAQ:APPX traded up $5.90 on Thursday, hitting $14.84. The company’s stock had a trading volume of 5,149,677 shares, compared to its average volume of 1,068,205. Tradr 2X Long APP Daily ETF has a 12 month low of $6.23 and a 12 month high of $137.64. The stock’s 50-day moving average is $10.96 and its two-hundred day moving average is $29.37.
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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