Short Interest in Leverage Shares 2X Long ARM Daily ETF (NASDAQ:ARMG) Drops By 39.1%

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 trading volume of 1,585,917 shares, the short-interest ratio is presently 0.5 days. Currently, 23.9% of the company’s shares are short sold.

Institutional Inflows and Outflows

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

Leverage Shares 2X Long ARM Daily ETF Stock Performance

Leverage Shares 2X Long ARM Daily ETF stock traded up $0.41 during mid-day trading on Friday, hitting $20.99. The company’s stock had a trading volume of 482,051 shares, compared to its average volume of 1,527,001. The company has a 50 day moving average of $36.10 and a 200-day moving average of $18.23. Leverage Shares 2X Long ARM Daily ETF has a one year low of $4.64 and a one year high of $65.95.

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.