Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Sees Significant Decrease in Short Interest

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 787,683 shares, a drop of 39.1% from the June 15th total of 1,293,954 shares. Based on an average daily volume of 1,585,917 shares, the days-to-cover ratio is presently 0.5 days. Approximately 23.9% of the company’s shares are sold short.

Leverage Shares 2X Long ARM Daily ETF Stock Down 8.4%

Shares of ARMG stock opened at $21.19 on Thursday. Leverage Shares 2X Long ARM Daily ETF has a 52 week low of $4.64 and a 52 week high of $65.95. The firm has a 50 day moving average of $36.04 and a 200-day moving average of $18.13.

Institutional Trading of Leverage Shares 2X Long ARM Daily ETF

A hedge fund recently bought a new position in Leverage Shares 2X Long ARM Daily ETF stock. Hollencrest Capital Management purchased a new position in shares of Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 5,000 shares of the company’s stock, valued at approximately $28,000. Hollencrest Capital Management owned 0.10% of Leverage Shares 2X Long ARM Daily ETF as of its most recent filing with the SEC.

About Leverage Shares 2X Long ARM Daily ETF

The Leverage Shares 2X Long ARM Daily ETF (ARMG) is an exchange-traded fund that mostly invests in information technology equity. The fund aims to provide 2x leveraged exposure to the daily price movement of ARM Holdings stock, less fees, and expenses. ARMG was launched on Jan 14, 2025 and is issued by Leverage Shares.