This ETF, APPX, functions as a short-term investment vehicle, engineered to deliver double (200%) the daily price movement of AppLovin Corp. (APP), before accounting for fees and expenses. Its core strategy involves engaging in total return swap agreements with prominent global financial institutions, which are structured to replicate APP's daily returns. Should these swaps prove unavailable or inefficient, the fund possesses the flexibility to employ FLEX call options or directly acquire shares of AppLovin stock. Investors planning to hold shares for longer than a single day will need to frequently monitor and rebalance their position to diligently maintain the intended 2x leverage. It is strongly recommended that purchasers conduct their own independent stock research before establishing a position and engage in trading with informed conviction. Given the inherent complexities of this product, its performance typically aligns with expectations primarily when the underlying APP shares exhibit a clear trend, and the investor's position is favorably aligned with that direction. Any uncommitted capital is allocated to high-quality collateral assets, including U.S. Treasury securities, money market instruments, or short-term corporate debt.

APPX Holdings & Sector Breakdown

APPX Holdings & Sector Breakdown