Tradr 2X Long APP Daily ETF (APPX)
Tradr 2X Long APP Daily ETF operates in the Asset Management industry of the Financial Services sector, headquartered in New York, NY, US. The stock last traded at $12.34, down 9.20% on the session, giving a market capitalisation of $12.0M. Its beta of 7.34 implies it has historically moved more than the broad market.
Under normal market circumstances, the fund will maintain at least 80% exposure to financial instruments that provide two times leveraged exposure to the daily performance of APP. The fund will enter into one or more swap agreements with major global financial institutions whereby the fund and the global financial institution will agree to exchange the return (or differentials in rates of return) earned or realized on APP. The fund is non-diversified.
Tradr 2X Long APP Daily ETF is most often compared with the following Financial Services names: