Short Interest in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Rises By 128.1%

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) saw a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 1,293,954 shares, a growth of 128.1% from the May 31st total of 567,178 shares. Based on an average daily trading volume, of 2,628,964 shares, the days-to-cover ratio is presently 0.5 days. Currently, 38.6% of the company’s shares are short sold.

Leverage Shares 2X Long ARM Daily ETF Stock Down 10.2%

NASDAQ:ARMG traded down $4.04 during mid-day trading on Wednesday, hitting $35.38. 323,849 shares of the company’s stock were exchanged, compared to its average volume of 1,578,396. The company has a 50 day simple moving average of $33.33 and a 200-day simple moving average of $16.39. Leverage Shares 2X Long ARM Daily ETF has a fifty-two week low of $4.64 and a fifty-two week high of $65.95.

Hedge Funds Weigh In On Leverage Shares 2X Long ARM Daily ETF

An institutional investor recently bought a new stake in Leverage Shares 2X Long ARM Daily ETF stock. Hollencrest Capital Management acquired a new position in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,000 shares of the company’s stock, valued at approximately $28,000. Hollencrest Capital Management owned about 0.10% of Leverage Shares 2X Long ARM Daily ETF as of its most recent SEC filing.

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.