Tradr 2X Long APP Daily ETF (APPX)Trading--Leveraged Equity | Exchange Traded Fund | NasdaqGM
28.68 USD
-9.76
(-25.390%) ⇩
(July 13, 2026, 4 p.m.
EDT)
|
Hot Take ↕ | July 11, 2026, 3:19 a.m. EDT
This instrument is a classic leveraged ETF trap disguised as a trade vehicle. The underlying asset has zero price history, meaning the 'long-term' rating is strictly neutral due to the inability to assess business quality or multi-year trajectories; there is no company here, only a daily reset mechanism on a non-existent equity. The astronomical 24.69% dividend yield is a mathematical artifact of the compounding decay inherent in leveraged products, not actual cash distribution, making it irrelevant for investment logic. While the recent price action shows a sharp bounce from lows, the technicals are fragile, trading well below the 200-day average, and the statistical forecast offers no directional edge. The options market confirms this uncertainty, with heavy positioning in both extreme upside and downside scenarios for September, signaling that the smart money is hedging against a potential collapse or a massive spike rather than committing capital to a trend. For a retail investor, this is a high-risk speculative instrument with no fundamental floor. |
| Model | MAE |
|---|---|
| AutoTheta ✓ | 0.184116 |
| AutoETS | 0.184481 |
| AutoARIMA | 0.184485 |
| MSTL | 0.197020 |
Forecast horizon: 45 days | Selected: AutoTheta
| Forecast Reliability | |
|---|---|
| Score | 31% |
| H-stat | 1.73 |
| Ljung-Box p | 0.000 |
| Jarque-Bera p | 0.056 |
| Excess Kurtosis | -0.11 |
As of July 11, 2026, 3:19 a.m. EDT: Speculators are positioning aggressively for volatility rather than a specific directional outcome. The September expiration shows massive open interest in deep out-of-the-money puts (strikes 9.0 to 24.0), suggesting a hedge against a severe crash or a bet on a 'zero' event. Conversely, July and August calls show significant open interest at strikes far above current prices (50.0, 80.0), indicating a belief in a potential 2x+ surge. This creates a 'straddle' environment where traders are betting on the magnitude of the move, not the direction, while the ATM IV remains relatively low compared to these extremes.
| Date | Dividend | Yield % |
|---|---|---|
| 2025-12-26 | 9.975 | 8.335423 |
| Attribute | Value |
|---|---|
| All Time High | 157.62 |
| All Time Low | 20.21 |
| Ask | 31.66 |
| Ask Size | 5 |
| Average Daily Volume10 Day | 396,220 |
| Average Daily Volume3 Month | 700,770 |
| Average Volume | 700,770 |
| Average Volume10Days | 396,220 |
| Beta3 Year | 0.0 |
| Bid | 25.78 |
| Bid Size | 5 |
| Category | Trading--Leveraged Equity |
| Crypto Tradeable | 0 |
| Currency | USD |
| Custom Price Alert Confidence | HIGH |
| Day High | 37.0 |
| Day Low | 27.31 |
| Dividend Yield | 24.69 |
| Esg Populated | 0 |
| Exchange | NGM |
| Exchange Data Delayed By | 0 |
| Exchange Timezone Name | America/New_York |
| Exchange Timezone Short Name | EDT |
| Fifty Day Average | 40.87482 |
| Fifty Day Average Change | -12.19482 |
| Fifty Day Average Change Percent | -0.29834554 |
| Fifty Two Week Change Percent | -3.594774 |
| Fifty Two Week High | 157.62 |
| Fifty Two Week High Change | -128.94 |
| Fifty Two Week High Change Percent | -0.8180434 |
| Fifty Two Week Low | 22.71 |
| Fifty Two Week Low Change | 5.970001 |
| Fifty Two Week Low Change Percent | 0.26287985 |
| Fifty Two Week Range | 22.71 - 157.62 |
| First Trade Date Milliseconds | 1,745,587,800,000 |
| Full Exchange Name | NasdaqGM |
| Fund Family | AXS |
| Fund Inception Date | 1,745,452,800 |
| Gmt Off Set Milliseconds | -14,400,000 |
| Has Pre Post Market Data | 1 |
| Ipo Expected Date | 2,025-04-25 |
| Language | en-US |
| Legal Type | Exchange Traded Fund |
| Long Business Summary | 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. |
| Long Name | Tradr 2X Long APP Daily ETF |
| Market | us_market |
| Market State | PRE |
| Max Age | 86,400 |
| Message Board Id | finmb_1934867829 |
| Nav Price | 38.41 |
| Net Assets | 112,236,952.0 |
| Net Expense Ratio | 1.3 |
| Open | 37.0 |
| Phone | (414) 299-2295 |
| Pre Market Change | -0.8199997 |
| Pre Market Change Percent | -2.8661296 |
| Pre Market Price | 27.79 |
| Pre Market Time | 1,784,028,928 |
| Previous Close | 38.44 |
| Price Hint | 2 |
| Quote Source Name | Nasdaq Real Time Price |
| Quote Type | ETF |
| Region | US |
| Regular Market Change | -9.759998 |
| Regular Market Change Percent | -25.390213 |
| Regular Market Day High | 37.0 |
| Regular Market Day Low | 27.31 |
| Regular Market Day Range | 27.31 - 37.0 |
| Regular Market Open | 37.0 |
| Regular Market Previous Close | 38.44 |
| Regular Market Price | 28.68 |
| Regular Market Time | 1,783,972,800 |
| Regular Market Volume | 912,740 |
| Short Name | Tradr 2X Long APP Daily ETF |
| Source Interval | 15 |
| Symbol | APPX |
| Total Assets | 112,236,952 |
| Tradeable | 0 |
| Trailing Annual Dividend Rate | 0.0 |
| Trailing Annual Dividend Yield | 0.0 |
| Trailing Peg Ratio | None |
| Trailing Three Month Nav Returns | 47.71481 |
| Trailing Three Month Returns | 47.71481 |
| Triggerable | 1 |
| Two Hundred Day Average | 66.01256 |
| Two Hundred Day Average Change | -37.332558 |
| Two Hundred Day Average Change Percent | -0.5655372 |
| Type Disp | ETF |
| Volume | 912,740 |
| Yield | 0.2469 |
| Ytd Return | -61.94782 |