Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Shares Down 12.6% – Here’s Why

Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG)’s stock price dropped 12.6% during mid-day trading on Friday . The stock traded as low as $15.52 and last traded at $15.57. 516,027 shares changed hands during trading, a decline of 63% from the average session volume of 1,394,367 shares. The stock had previously closed at $17.81.

Leverage Shares 2X Long ARM Daily ETF Price Performance

The business has a fifty day moving average price of $24.67 and a 200 day moving average price of $21.10.

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 shares of Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. 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 at the end of the most recent quarter.

Leverage Shares 2X Long ARM Daily ETF Company Profile

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.