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

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) saw a large 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 volume of 2,628,964 shares, the days-to-cover ratio is currently 0.5 days. Approximately 38.6% of the company’s shares are sold short.

Institutional Investors 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 stake in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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.

Leverage Shares 2X Long ARM Daily ETF Stock Up 8.2%

Shares of NASDAQ:ARMG traded up $3.03 during trading hours on Tuesday, hitting $40.20. 754,824 shares of the company’s stock traded hands, compared to its average volume of 1,579,891. Leverage Shares 2X Long ARM Daily ETF has a 1 year low of $4.64 and a 1 year high of $65.95. The business has a fifty day moving average price of $32.78 and a 200-day moving average price of $16.19.

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.