Tradr 2X Long APP Daily ETF (APPX)

The Tradr 2X Long APP Daily ETF (APPX) is a leveraged single-stock fund from Tradr ETFs. It aims to provide, before fees and expenses, 200% of the daily percentage change in the share price of AppLovin Corporation.

AppLovin operates a software platform for mobile advertising and app monetization, using machine learning to match advertisers with audiences across apps and games. The fund gains its leveraged exposure primarily through swap agreements, holding cash and Treasuries as collateral.

Because the fund resets its leverage every trading day, its results over periods longer than a day can differ meaningfully from twice the return of AppLovin shares.